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r/worldnews – US commission accuses Switzerland of hiding Russian assets

I am particularly interested in the role of introducers and enablers – frequently lawyers hiding behind attorney-client privilege. Now, there is nothing wrong if they act as traditional lawyers defending their clients’ interests. On the other hand, it is equally clear that lawyers investing money for their clients are not acting as lawyers: they are financial operators.

The Panama Papers, Pandora Papers and other leaks have shown, however, that there is a sector in-between, those who, without touching money, are involved in creating money-laundering structures (shell companies, offshore accounts etc.). They are not covered by AML [anti-money laundering] legislation. And yet they help to hide funds of for instance Russian oligarchs, as those leaks have shown.