New York Wants Foreign Banks to Hand Over Panama Records
- Mossack Fonseca-linked documents sought by state's DFS
- Request comes as U.S. tax, laundering units look into reports
This article is for subscribers only.
New York state’s banking regulator has ordered 13 foreign banks to turn over information about their contact with a Panamanian law firm that helped register tens of thousands of shell companies, broadening the state and federal authorities investigating revelations related to the Panama data leak.
New York’s Department of Financial Services asked companies including Deutsche Bank AG, Credit Suisse Group AG, Commerzbank AG, ABN Amro Group NV and Societe Generale SA to provide communications, telephone logs and records of other transactions between their New York branches and employees or agents of the law firm, Mossack Fonseca & Co. The banks aren’t accused of wrongdoing.