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Pandora Papers reveal 26 Swiss firms provided services to clients whose offshore companies were later investigated for money laundering over eleven year period

By Elizabeth Hearst for AMLi

26 Swiss firms provided services to clients whose offshore companies were later investigated for money laundering and other financial crimes between 2005 and 2016. 

The Pandora Papers include information on more than 90 Swiss advisers, with many legal, notary and consulting firms identified. Although banks in Switzerland are required to conduct due diligence on customers and report suspicious activities, these advisors remain off the hook, unless they “manage their clients’ money”, according to investigative journalist Scilla Alecci. 

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