geralt / Pixabay
The Panama Paper is a set of at least 11 million documents that were leaked by an anonymous source to the leading German daily Süddeutsche Zeitung. These documents were created by the Panama- based law firm Mossack Fonseca. They provide information on at least two lakh offshore companies and even provide information on directors, shareholders, etc. of these companies. It names leaders from various countries like Iceland Prime Minister Sigmundur Davíð Gunnlaugsson, Ukranian Prime Minister Petro Poroshenko, friends and close associates of Vladmir Putin, etc. In addition, the papers also reveal the names of a few sports personalities, celebrities, etc. Following the leaks, Mossack Fonseca issued a 2900- word document stating that as per the FATF protocols, beneficial owners of every company (trading or non-trading) is mandatory to open accounts and conduct business transactions. However, this does not address the specific ‘due-diligence failings uncovered by reporters’ the editor of The Miami Herald noted.
In this quiz, there are five basic facts that would help you understand why Panama Papers is one of the biggest leaks in the world surpassing even the Wikileaks.
Test your knowledge of Quiz on Panama Paper: Five Facts
0 of 5 questions completed Questions:
Click Start Quiz button to test your knowledge on Quiz on Panama Paper: Five Facts
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
0 of 5 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0) Thanks for being a part Who announced the leak of 2.6 terabytes of confidential data from the law firm Mossack Fonseca? An anonymous source actually leaked the data worth 2.6 terabytes from the law firm Mossack Fonseca to the German newspaper Süddeutsche Zeitung. An anonymous source actually leaked the data worth 2.6 terabytes from the law firm Mossack Fonseca to the German newspaper Süddeutsche Zeitung. Where is Mossack Fonseca headquartered? Headquartered in Panama, the company has operations in Cyprus, Switzerland and British Islands. Headquartered in Panama, the company has operations in Cyprus, Switzerland and British Islands. What does the Panama Paper leak establish? Mossack Fonseca helped various global powers establish offshore shell companies in various tax havens. Mossack Fonseca helped various global powers establish offshore shell companies in various tax havens. Why are shell companies established? A shell company is a dormant or a non-trading company that is used to mask original financial transactions and ownerships. People typically use this to evade tax. A shell company is a dormant or a non-trading company that is used to mask original financial transactions and ownerships. People typically use this to evade tax. Who is scrutinizing Panama Papers? The International Consortium of Investigative Journalists is analyzing the documents leaked by an anonymous via German newspaper Süddeutsche Zeitung. The International Consortium of Investigative Journalists is analyzing the documents leaked by an anonymous via German newspaper Süddeutsche Zeitung.Quiz-summary
Information
Results
Categories
1. Question
1 points
2. Question
1 points
3. Question
1 points
4. Question
1 points
5. Question
1 points
Leave a reply
You must login or register to add a new comment .