LAS VEGAS (AP) — The Nevada Secretary of State has responded to a U.S. senator who raised concerns about shady shell companies in light of the Panama Papers leak.
The Panama Papers showed just how easy it is to stash your money in a place where regulators can't find it. It's not illegal to set up these corporations, and the business of creating them is booming.
Vladimir Putin is among several world leaders who either themselves or through associates used shell companies to obscure their assets, according to a new trove of leaked documents.
