The US Securities and Exchange Commission will review the leaked “Panama Papers” exposing holders of thousands of hidden bank accounts for possible violations of anti-bribery law, said the head of the agency’s unit that fights foreign corruption.
“Yes, we will be looking at it, as we do all public sources” that flag potential corruption-linked financial activity, said Kara Novaco Brockmeyer, chief of the SEC’s Foreign Corrupt Practices Act (FCPA) unit in answer to a question at an industry conference on Wednesday.
The conference was sponsored by the Securities Industry and Financial Markets Association.
The SEC official did not elaborate on what the agency was reviewing in the leaked documents of Panamanian law firm Mossak Fonseca.
The firm specializes in setting up offshore companies, often used to shelter the finances of politicians and public figures around the world.
Global scrutiny into offshore accounts detailed among the millions of leaked documents implicated scores of politicians and business figures internationally, though it has had limited fallout in the United States to date.
Source – sabc