In the wake of the Panama Papers
A guide for multinational corporations
Business interactions with offshore holding companies are at the forefront of the daily business headlines and likely top-of-mind for US and global regulators. Rules and regulations will continue to evolve. Corporate boards and governance committees will likely increase their focus on their companies’ exposures to these types of relationships. Companies may wish to act quickly to assess the nature and extent of any corruption, fraud, money laundering, and sanctions-related risks within their operations. To the extent any potential gaps are identified, companies should take action and implement policies, procedures, controls, and other corrective measures to mitigate the risk of non-compliance going forward.