tax havens

Mossack Fonseca Headquarters

Panama Papers Expose Icelandic Executive

Hannes Smárason, former CEO and board director of FL Group, was the authorized signatory of a company in Panama, which received an ISK 3 billion (USD 24 million, EUR 21 million) loan from the holding company Fons in 2007.


Silence from Presidential Residence

“What’s our reputation in the world around us?” asked President Ólafur Ragnar Grímsson at the press conference at Bessastaðir on April 18, when he announced his decision to run for the sixth presidential term.


Second Panama Papers Leak Story Released

Business power couple Ingibjörg Pálmadóttir and her husband Jón Ásgeir Jóhannesson have, for several years, been financing their investments in Iceland and elsewhere in Europe using money from a company registered in Panama.

Sigurður Ingi Johannsson.

Confusing Message from New PM on Offshore Money

Iceland’s incoming Prime Minister, Sigurður Ingi Jóhannsson, has told Alþingi that holding offshore funds is not illegal and not a major problem, assuming that assets and activities are above board and that taxes are paid in Iceland.