Hong Kong-based financial consultant Yoshimitsu Sasago is unsettled by developments since the recent leak of client data from a Panama-based law firm.
Sasago has served Japan-based clients in Hong Kong for the past 10 years. Sometimes they ask him to provide a perfectly legal but somewhat tricky service: to help set up a very small — apparently shell — company in an offshore tax haven such as the Cayman Islands or British Virgin Islands, and then to open an account for that company at a major bank in Hong Kong.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.