Richard Moir, The Wealth Forums CEO
DAILY WEALTH LETTER
a daily synopsis of wealth news that’s most relevant, timely and dependable
Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)
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NUMBER 216 MONDAY, MAY 23, 2016
Panama takes action on law office
Panama’s attorney general, Kenia Porcell, has reportedly ordered Mossack Fonseca, the law firm at the centre of the massive leak of confidential files known as the Panama Papers, to close down its “wealth management” subsidiaries and affiliates. READ MORE: https://thewealthforums.com/
Russian capital flight increases
More than 700 billion roubles ($10.5 billion) was transferred illegally from Russia into offshore accounts in 2015, the Russian Interior Ministry announced Friday. READ MORE: https://thewealthforums.com/
Saudis pay bills in IOUs
Saudi Arabia faces a vicious liquidity squeeze as capital continues to leak out of the country, with a sharp contraction of the money supply and mounting stress in the banking system. READ MORE:https://thewealthforums.com/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.
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