Embattled law firm Mossack Fonseca has announced that it will no longer provide Registered Agent services in five jurisdictions following its involvement in the Panama Papers scandal.
In a letter sent to clients outlining the closures, Mossack Fonseca said that as a consequence of the “publications made by the ICIJ with the information stolen from our database” the firm had “suffered irreparable damages” that prevents it from providing its services as Registered Agent in the different jurisdictions in which it operates.
For this reason, Mossack Fonseca said it has established partnerships with other “reliable Registered Agents” and assigned its client portfolio to them.
The five jurisdictions where Mossack Fonseca is to close are: Anguilla; BVI; Panama; Samoa and; The Seychelles.
The firm said that it apologised for the “inconvenience caused by having to change the registered agent, however it is a consequence of events that are beyond our control.”
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