{"id":3589,"date":"2022-02-03T07:21:18","date_gmt":"2022-02-02T21:21:18","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/business\/?p=3589"},"modified":"2023-05-15T14:20:30","modified_gmt":"2023-05-15T04:20:30","slug":"pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens","status":"publish","type":"post","link":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens","title":{"rendered":"Pandora Papers fallout: How to prevent corruption and tax havens"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The Pandora Papers, which\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.thomsonreuters.com\/en-us\/posts\/investigation-fraud-and-risk\/pandora-papers-compliance-risks\/\" target=\"_blank\">brought to light revelations<\/a>\u00a0from nearly 12 million leaked confidential financial records, revealed the concealed wealth of powerful public figures around the world. How do they hide their money, and why is this information important? Thomson Reuters Institute (TRI) spoke with Chip Poncy, partner and Global Co-Head of Financial Crimes Risk Management at\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.k2integrity.com\/?gclid=EAIaIQobChMI95Chm6Hc9QIVuWxvBB1KaAR7EAAYASAAEgJUTvD_BwE\" target=\"_blank\">K2 Integrity<\/a>\u00a0for his take on the situation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">TRI:\u00a0What impact has the Pandora Papers had in exposing global corruption?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chip Poncy<\/strong><strong>:<\/strong>&nbsp;The revelations from the Pandora Papers are not entirely surprising, but still a big deal. We have seen leaks like this in the past \u2014 as recently as&nbsp;<a href=\"https:\/\/www.thomsonreuters.com\/en-us\/posts\/investigation-fraud-and-risk\/fincen-files-leak-prosecution\/\" target=\"_blank\" rel=\"noreferrer noopener\">the FinCEN Files<\/a>&nbsp;and, of course,&nbsp;<a href=\"https:\/\/www.thomsonreuters.com\/en-us\/posts\/investigation-fraud-and-risk\/panama-papers-fine-art-money-laundering\/\" target=\"_blank\" rel=\"noreferrer noopener\">the Panama Papers<\/a>. It is hard not to be shocked at how prevalent the exploitation of bad actors is and how difficult it is to deter them. It is a reminder of the depth and extent of global corruption and of the pervasiveness of the problem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Specifically, the Pandora Papers have highlighted issues of enablement in the U.S. and have brought into focus how policies on increasing the traceability, transparency, and accountability regarding sources of wealth and beneficial ownership must be strengthened \u2014 particularly through corporate vehicles. Prior leaks have shone a light on foreign tax havens, but the Pandora Papers have displayed clear issues in the U.S., particularly with respect to the lack of beneficial ownership information or related diligence in our country\u2019s trust and company formation processes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">TRI:\u00a0What steps can be taken to ensure transparency, accountability, and tighter control over financial transactions and money laundering?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chip Poncy<\/strong><strong>:<\/strong>&nbsp;In the U.S. specifically, there are three primary initial steps that we should take.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First, get a handle on abuse of shell companies. In December, the FinCEN&nbsp;<a href=\"https:\/\/www.fincen.gov\/news\/news-releases\/fincen-issues-proposed-rule-beneficial-ownership-reporting-counter-illicit\" target=\"_blank\" rel=\"noreferrer noopener\">announced a proposed rule<\/a>&nbsp;implementing the Corporate Transparency Act (CTA), providing a preview of the agency\u2019s approach to developing a national registry of beneficial ownership information so that we end the practice of creating anonymous companies in the United States.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Second, dig into the real estate sector. While real estate serves as a legitimate mechanism for investing wealth, it is an area where transactions can be described as opaque. FinCEN\u2019s advanced notice for proposed rulemaking for\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.fincen.gov\/sites\/default\/files\/2021-12\/RE_ANPRM_FRN_120321_FINAL_508.pdf\" target=\"_blank\">real estate transactions<\/a>\u00a0is a step in the right direction. It seeks to increase transparency and invites comment on imposing reporting requirements on certain persons participating in real estate transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, enforce the rules we have on the books. We are seeing this for banks specifically \u2014 it is not just about issuing new rules, but we need more discipline in implementing and enforcing existing ones. The Customer Due Diligence (CDD) Rule\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.thomsonreuters.com\/en-us\/posts\/investigation-fraud-and-risk\/infographic-beneficial-ownership-rule\/\" target=\"_blank\">came into effect in 2018<\/a>, and yet the ability for illicit actors to penetrate the U.S. financial system through shell companies and other vehicles shows that effective implementation of the CDD Rule by the financial sector is far from complete.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We\u2019ve been working closely with corporations and real estate professionals impacted by these newly proposed rules, as well as financial institutions that are anticipating follow-on revisions to the CDD Rule, as they all seek to better understand, manage, and mitigate the corruption risks they face in their business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">TRI:\u00a0How does the Corporate Transparency Act factor into all of this? Is it a step in the right direction, or do we need something more?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chip Poncy<\/strong><strong>:<\/strong>&nbsp;Yes, it is a step in the right direction, standing on the shoulders of 20 years of global standard-setting and domestic policy drafting. The general public has an awareness of the need for greater transparency in the financial system, and this brings us closer by providing transparency to companies created in the United States and banking across the global financial system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Like the CDD Rule, however, the key element to determine efficacy is how the new rule is ultimately crafted and implemented in practice. There are many core questions that are still awaiting answers from the rulemaking process: Who is required to report? How is information reported? How is information verified and updated? Once those questions are answered, we will have a regulation in place that enhances transparency around company formation \u2014 in a manner that complements the CDD Rule.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We are advising legal entity clients to begin taking steps \u2014 if they\u2019re not already doing so \u2014 to document and be prepared to provide the beneficial ownership information specified in the proposed rule. Even if your company does not technically qualify as a reporting entity, be sure to have your organizational structure well documented to stay ahead of reporting obligations in the future.&nbsp; These obligations should substantially reflect what companies already need to produce to open a bank account, whether in the U.S. or in any financial center adherent to global standards governing customer due diligence obligations.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"644\" height=\"466\" src=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Poncy_Chip.png\" alt=\"\" class=\"wp-image-3590\" srcset=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Poncy_Chip.png 644w, https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Poncy_Chip-300x217.png 300w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\" \/><figcaption><strong>Chip Poncy of K2 Integrity<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?<\/p>\n","protected":false},"author":107,"featured_media":3592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[660],"tags":[789,138,790,457,460],"insight_job_role":[804,715],"insight_practice_area":[904],"class_list":["entry","author-corpadmin","has-excerpt","post-3589","post","type-post","status-publish","format-standard","has-post-thumbnail","category-governance-risk-compliance","tag-anti-money-laundering","tag-compliance","tag-financial-crime","tag-regulatory-intelligence","tag-risk","insight_job_role-chief-risk-officer","insight_job_role-compliance-risk-manager","insight_practice_area-risk-and-compliance","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pandora Papers fallout: How to prevent corruption and tax havens<\/title>\n<meta name=\"description\" content=\"What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pandora Papers fallout: How to prevent corruption and tax havens\" \/>\n<meta property=\"og:description\" content=\"What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight Australia\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-02T21:21:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-15T04:20:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png\" \/>\n\t<meta property=\"og:image:width\" content=\"651\" \/>\n\t<meta property=\"og:image:height\" content=\"284\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Thomson Reuters\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Thomson Reuters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#article\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\"},\"author\":{\"name\":\"Thomson Reuters\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#\/schema\/person\/aab687fedb80d9fe3ccad3b2152e5350\"},\"headline\":\"Pandora Papers fallout: How to prevent corruption and tax havens\",\"datePublished\":\"2022-02-02T21:21:18+00:00\",\"dateModified\":\"2023-05-15T04:20:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\"},\"wordCount\":834,\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png\",\"keywords\":[\"anti-money laundering\",\"compliance\",\"financial crime\",\"regulatory intelligence\",\"risk\"],\"articleSection\":[\"Governance, Risk &amp; Compliance\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\",\"name\":\"Pandora Papers fallout: How to prevent corruption and tax havens\",\"isPartOf\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png\",\"datePublished\":\"2022-02-02T21:21:18+00:00\",\"dateModified\":\"2023-05-15T04:20:30+00:00\",\"author\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#\/schema\/person\/aab687fedb80d9fe3ccad3b2152e5350\"},\"description\":\"What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?\",\"breadcrumb\":{\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png\",\"contentUrl\":\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png\",\"width\":651,\"height\":284,\"caption\":\"Pandora Papers fallout How to prevent corruption and tax havens\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/insight.thomsonreuters.com.au\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pandora Papers fallout: How to prevent corruption and tax havens\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#website\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/\",\"name\":\"TR - Business Insight Australia\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insight.thomsonreuters.com.au\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/insight.thomsonreuters.com.au\/business\/#\/schema\/person\/aab687fedb80d9fe3ccad3b2152e5350\",\"name\":\"Thomson Reuters\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/c7f9c2b706794a09442b96093021c0b2e5b8e9456bff05b61ffcef23cb9e831d?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c7f9c2b706794a09442b96093021c0b2e5b8e9456bff05b61ffcef23cb9e831d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c7f9c2b706794a09442b96093021c0b2e5b8e9456bff05b61ffcef23cb9e831d?s=96&d=mm&r=g\",\"caption\":\"Thomson Reuters\"},\"description\":\"Thomson Reuters, a worldwide trusted provider of answers, helps professionals make confident decisions, run better businesses and gain competitive advantage in complex arenas \u2013 law, tax, compliance, government and media. __PRESENT\",\"url\":\"https:\/\/insight.thomsonreuters.com.au\/business\/contributors\/corpadmin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pandora Papers fallout: How to prevent corruption and tax havens","description":"What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens","og_locale":"en_US","og_type":"article","og_title":"Pandora Papers fallout: How to prevent corruption and tax havens","og_description":"What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?","og_url":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens","og_site_name":"TR - Business Insight Australia","article_published_time":"2022-02-02T21:21:18+00:00","article_modified_time":"2023-05-15T04:20:30+00:00","og_image":[{"width":651,"height":284,"url":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png","type":"image\/png"}],"author":"Thomson Reuters","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Thomson Reuters","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#article","isPartOf":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens"},"author":{"name":"Thomson Reuters","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#\/schema\/person\/aab687fedb80d9fe3ccad3b2152e5350"},"headline":"Pandora Papers fallout: How to prevent corruption and tax havens","datePublished":"2022-02-02T21:21:18+00:00","dateModified":"2023-05-15T04:20:30+00:00","mainEntityOfPage":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens"},"wordCount":834,"image":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage"},"thumbnailUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png","keywords":["anti-money laundering","compliance","financial crime","regulatory intelligence","risk"],"articleSection":["Governance, Risk &amp; Compliance"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens","url":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens","name":"Pandora Papers fallout: How to prevent corruption and tax havens","isPartOf":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage"},"image":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage"},"thumbnailUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png","datePublished":"2022-02-02T21:21:18+00:00","dateModified":"2023-05-15T04:20:30+00:00","author":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#\/schema\/person\/aab687fedb80d9fe3ccad3b2152e5350"},"description":"What can financial services firms do to ensure transparency, accountability, and better oversight over potential money laundering?","breadcrumb":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#primaryimage","url":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png","contentUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2022\/02\/Pandora-Papers-fallout-How-to-prevent-corruption-and-tax-havens-e1643836815261.png","width":651,"height":284,"caption":"Pandora Papers fallout How to prevent corruption and tax havens"},{"@type":"BreadcrumbList","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/posts\/pandora-papers-fallout-how-to-prevent-corruption-and-tax-havens#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insight.thomsonreuters.com.au\/business\/"},{"@type":"ListItem","position":2,"name":"Pandora Papers fallout: How to prevent corruption and tax havens"}]},{"@type":"WebSite","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#website","url":"https:\/\/insight.thomsonreuters.com.au\/business\/","name":"TR - Business Insight Australia","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insight.thomsonreuters.com.au\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#\/schema\/person\/aab687fedb80d9fe3ccad3b2152e5350","name":"Thomson Reuters","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f9c2b706794a09442b96093021c0b2e5b8e9456bff05b61ffcef23cb9e831d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f9c2b706794a09442b96093021c0b2e5b8e9456bff05b61ffcef23cb9e831d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f9c2b706794a09442b96093021c0b2e5b8e9456bff05b61ffcef23cb9e831d?s=96&d=mm&r=g","caption":"Thomson Reuters"},"description":"Thomson Reuters, a worldwide trusted provider of answers, helps professionals make confident decisions, run better businesses and gain competitive advantage in complex arenas \u2013 law, tax, compliance, government and media. __PRESENT","url":"https:\/\/insight.thomsonreuters.com.au\/business\/contributors\/corpadmin"}]}},"_links":{"self":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/posts\/3589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/users\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/comments?post=3589"}],"version-history":[{"count":0,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/posts\/3589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/media\/3592"}],"wp:attachment":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/media?parent=3589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/categories?post=3589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/tags?post=3589"},{"taxonomy":"insight_job_role","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_job_role?post=3589"},{"taxonomy":"insight_practice_area","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_practice_area?post=3589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}