The Financial Conduct Authority (FCA) has told banks and financial firms to hand over any information about their links with the Panama Papers law firm, Mossack Fonseca, by 15 April.
The regulator sent out correspondence to around 20 groups on Monday, according to reports, as more details of the accounts handled by Panama-based law firm emerged. This comes after around 11.5m files from Mossack Fonseca, the world's fourth biggest offshore law firm, were leaked, revealing details of wealthy individuals exploiting offshore tax regimes. The FCA has asked the firms to disclose any links they have with the law firm at the heart of the scandal, and also reveal what action they are taking as a result of these leaks. According to the Financial Times, the letter said: "B...
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