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Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

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  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

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  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
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Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

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  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

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  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

IBA and OECD Secretariat issue lawyers with principles to combat Panama Papers-style situations

On 24 May, the International Bar Association (IBA) and the Secretariat of the Organisation for Economic Co-operation and Development (OECD) issued eight high-level principles for the legal profession to follow as the two organisations work together to combat global corruption and foster integrity, taking into consideration the ongoing scandals related to the so-called Panama/Mossack Fonseca/Paradise Papers.

These principles are:

  1. Non-facilitation of illegal conduct
  2. Misuse of the duty of confidence and privilege
  3. Client due diligence
  4. Action where client conduct is, may be or becomes illegal
  5. Multijurisdictional risk
  6. Use of illegally obtained information
  7. Disclosure of beneficial ownership
  8. Advertising by lawyers on international commercial structures

The executive summary can be found here.

More information on the Task Force Report can be found here.

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