Just How Much Manx Business Is There With Panama Firm

News From The Mannin Branch Celtic League:

Interesting to see the FCA in the United Kingdom went on the offensive when the Panama leaks broke and asked banks to declare any links to Mossack Fonesca.

I bet a penny to a pound there was no such action taken in the Isle of Man by the FSC.

Still its not to late and perhaps the FSC given Chief Minister Allan Bells boast that the Island is squeaky clean and ahead of most other jurisdictions we could go one step further and ask all banks, accountancy firms, csp and legal practices to come clean about any links with MF.

Time to be proactive not reactive Allan! Never mind keeping what Eddie Teare calls ‘a watching brief’ it’s ‘better to try and see the train coming before it hits you’!

See link:

http://www.bbc.co.uk/news/business-35989915

BERNARD MOFFATT

Issued by: The Manx branch of the Celtic League

TEL: 01624 877918 or 07624 491609

07/04/16

THE CELTIC LEAGUE

The Celtic League established in 1961 has branches in the six Celtic Countries including our own Mannin branch. It promotes cooperation between the countries and campaigns on a range of political, cultural and environmental matters. It highlights human rights abuse, military activity and socio-economic issues

The link for the main web pages is below:

http://celticleague.net

Panama Papers: FCA asks firms to check for links - BBC News

The UK's Financial Conduct Authority asks 20 banks to check if they have links to Mossack Fonseca, the firm at the centre of the Panama Papers scandal.

BBC.CO.UK