MOSSACK FONSECA
FACT SHEET
‘Our firm, like many firms, provides worldwide registered agent services for our
professional clients (e.g., lawyers, banks, and trusts) who are intermediaries. As
a registered agent we merely help incorporate companies, and before we agree
to work with a client in any way, we conduct a thorough due-diligence process,
one that in every case meets and quite often exceeds all relevant local rules,
regulations and standards to which we and others are bound."
"However, filing legal paperwork to help incorporate a company is a very
different thing from establishing a business link with or directing in any way the
companies so formed. We only incorporate companies, which just about
everyone acknowledges is important, and something that's critical in ensuring
the global economy functions efficiently. In providing those services, we follow
both the letter and spirit of the law. Because we do, we have not once in nearly
40 years of operation been charged with criminal wrongdoing. We’re proud of
the work we do, notwithstanding recent and willful attempts by some to
mischaracterize it."
"Finally, it is well established that many countries (e.g. UK, USA) have trust laws
that permit a person or enterprise to represent a third party in a fiduciary
capacity, which is 100% legal and serves an important purpose in global
commerce.
We would now like to provide you with our case by case responses to reports
that have surfaced in the media:
Lazaro Baez - ARGENTINA CASE:
We do not know this individual, nor have we had any association with him.
According to media reports a person named Lazaro Baez used companies to take
funds out of Argentina. Reportedly the investigation began as a consequence of a
report issued by a former Argentine prosecutor named Campagnoli.
The initial investigative report led the Argentine authorities to a fund named
Helvetic Services Group in Switzerland. This report said that Lazaro Baez used
this fund to illegally take Argentine funds abroad. The report also stated that two
companies constituted in the State of Nevada, to wit 1) Eyden Group LLC, and 2)
Huston Management LLC., both appointed the fund Helvetic Services Group as a
member. These companies were constituted through MF Corporate Services
Nevada Limited, a registered agent in Nevada. These constitutions were
requested by a professional client in Uruguay, who also requested MF Nevada to
provide nominee service as a manager, which was the reason why the company
Aldyne Ltd., was appointed. Please keep in mind that a manager of a company
does not take decisions and they do not manage funds.

 In this case the professional client appointed the members (shareholders), to wit,
Helvetic services Group, and sold the companies to their clients. Here is where
the contusion began.
The authorities and/or journalists in Argentina obtained information from the
Public Registry 01 Nevada and wrongly concluded that all companies where
Aldyne Ltd. is appointed as manager arc involved or related to Lazaro Baez. As
we explained before, Aldyne provides the service as nominee manager and it is
only used for this purpose. Additionally, Aldyne provides this same service for
various other companies that belong to various other unrelated and different
clients around the world that have absolutely nothing to do with this situation in
Argentina and/or Lazaro Baez. It should be noted that after linking 150
companies to the investigation, where Aldyne was appointed as manager, NML
Capital, Ltd. (NML) recently informed the presiding judge that they have
discovered that about 90% of them are not related to the case; therefore they
have reduced their ‘"fishing expedition” to only 13 companies.
The international smear campaign portrays us as a defendant, when in fact we
are only witnesses in the process. It tries to link us with sinister characters,
without providing any evidence other than stories from other publications, many
of them financed or controlled by political opponents. The legal proceeding is not
between NML (a so-called “vulture fund”) and Mossack Fonseca; it is between
NML and the Republic of Argentina. NML is trying to find funds from the
Argentinian state in several parts of the world. MF Corporate Services has been
asked to provide information to assist in NML’s cause as a witness. None of
Mossack Fonseca’s companies mentioned in various publications with regard to
this matter have been investigated for any dimes related to money laundering or
any other unlawful behavior. If you find one case where Mossack Fonseca has
been the defendant in a court case with regard to any of the actors or activities
described above, please send us that documentation.
MUAMMAR GADDAFI:
Mossack Fonseca has never had any association with Muammar Gaddafi. Some of
the media in Panama, controlled by the former government who are political
rivals of Mossack Fonseca partner Mr. Ramon Fonseca, have published articles
intended to smear Mr. Fonseca by falsely linking him and therefore his firm to
former Libyan dictator Muammar Gaddafi. Please be advised that neither the
authorities nor the Libyan Assets Committee have contacted or petitioned us to
provide information within the context of any investigation involving Mossack
Fonseca.
ROBERT MUGABE:
Mossack Fonseca sold a company to a professional client in the United Kingdom
who in turn sold that same company to an associate of Robert Mugabe,
unbeknownst to us. As soon as we discovered that the company had been resold
to an associate of Robert Mugabe we resigned as registered agent.

 RAMI MAKHLOUF:
We did not know this individual until his name and association were reported in
the media.
While we were the registered agent for a company that, as we later discovered,
was resoldto him, we did not deal with him directly. Due to the banking secrecy
laws in Switzerland we do not have access to information regarding the final
beneficiary of the company in question. Our client was a bank in Geneva,
Switzerland, which we cannot name due to a strict confidentiality agreement,
and it is they who were responsible for dealing with the final beneficiary.
Immediately upon learning that he was related to nefarious persons and
activities we resigned as registered agent.
FIFA:
Mossack Fonseca has had no involvement whatsoever with any of the parties
connected with the FIFA scandal. Our firm was incorrectly named in a number of
malicious media reports concerning alleged political and financial wrongdoing
regarding FIFA. Mossack Fonseca would like to emphasise that it has no
connection or involvement with these matters in any way, other than
incorporating a company following a routine request by one of its professional
clients. As soon as we learned of the controversy from media reports, we
resigned as registered agent.
BRAZIL:
Regarding the current situation in Brazil—where Mossack Fonseca has a
franchisee—ail parties who were held for questioning have been released. We
regret the prosecutor’s declarations that resulted from his lack of knowledge
regarding the industiy, and we are certain that our name will be cleared very
soon.
Please understand that Mossack Fonseca Brazil, as a franchisee, represents our
brand and sells international companies that our group incorporates through the
different licenses that we hold in several jurisdictions. That said, the Brazil
franchisee operates with its own administration, resources, and staff that are
independent of our group.
Information has been required of our Brazil franchisee as part of an investigation
that the public prosecutor is carrying out in certain cases currently being
processed in that country. Our Brazil franchisee has expressed through its legal
representatives that it is ready and willing to cooperate with all authorities that
request information through the pertinent channels.
The request for acquisition of the company in question was received by an
independent intermediary professional, who in turn services final clients. At the
time the request for said company incorporation was received (2005), the
respective due diligence verification was carried out in compliance with the
required standards. As a result of such review, no adverse outcomes or any link
whatsoever with politically exposed persons were found.

 We have not rendered in the past and do not currently render advisory or
intermediation services of any kind for the purchase, loan or financing of any
real property—nor do we render real property advice in any part of the world,
except in regard to real property located within the Republic of Panama.
Furthermore, it should be noted that Mossack Fonseca does not own land,
buildings, or apartments in the development under investigation.
Mossack Fonseca is working hard in the battle against corruption taking place in
Brazil and the rest of the world. Our company maintains due diligence
documents and records, and we are always willing to cooperate with authorities
who request said documents through proper legal channels.
PANAMA’S NEGOTIATIONS WITH OECD AND FATF
The world is currently moving towards higher levels of corporate transparency
and the same is true of our industry. Panama is committed to expanding its
international cooperation with regard to fiscal transparency—while at the same
time protecting the interests of the nation—as was indicated by the President
last year during his address to the United Nations.
Moreover, most jurisdictions are changing their laws to enable greater
transparency and cooperation in terms of corporate and financial matters. As an
example, in 2015, the Panamanian Legislature passed Law 23 that sets forth a
multitude of stiff regulations against money laundering. In January 2016 Panama
was audited by the Financial Action Task Force (FATF), and has now been
removed from the “gray list”.
Finally, please realize that Mossack Fonseca has never been sued or accused of
wrongdoing by any court in the world—we have only responded to requests for
information in specific cases.
For your convenience, I have attached several documents, which will provide
you with even more details regarding this matter.
Carlos Sousa
Public Relations Director
MOSSACK FONSECA & CO.