Royal Bank closes 40 customer accounts as Panama Papers Review ends. – HiBusiness (blog)
Royal bank of Canada closed accounts of about 40 clients and bolstered tax compliance following an internal review of offshore accounts tied to last year’s leaked documents from Panamanian law firm. The bank was named in the so-called Panama Papers. The Panama City law firm revealed over 11 million documents that showed how lender Mossack fonesca, and other politicians, and business leaders, had set up several offshores […]