Has the offshore financial world gone completely mad ? In the aftermath of the Mossack Fonseca/Panama Papers scandal, the Society of Trust & Estate Professionals (STEP) is holding its upcoming 2016 LatAm (Latin America) Conference in Panama City September 28-30 ! This is not exactly the best time to troll for business, from wealthy Latin American nationals, when the close connection between offshore financial professionals, and tax evasion and/or laundering the proceeds of crime is the most prominent topic of compliance officer (and bank client) conversation. What on earth was STEP thinking ?
Message to the STEP leadership, who proceeded ahead with this conference, in the worst possible place to hold it, for public relations purposes: providing advice, which the public equates with tax evasion and money laundering, through offshore financial centers a/k/a/ tax havens, is not cool this year. Dial it down, please; Cancel the bloody conference.