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Mossack Fonseca fined $440,000 by BVI regulator for failing to prevent money laundering

( November 15, 2016, 18:54 GMT | Official Statement) -- MLex Summary: The Panamanian law firm at the heart of the Panama Papers data leak, Mossack Fonseca, has been fined $440,000 by the British Virgin Islands ​Financial Services Commission for failing to prevent money laundering and financing terrorism. The regulator also pointed out its failures to carry out proper due diligence on clients.Full statement follows. ...

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