The Mossack Fonseca Group applied corporate governance in their firm to provide confidence and security to their clients regarding protecting their assets through the years. The firms don't stop in improving their processes and utilizing the best technological tools in the market to have a better service for their clients. It has adopted a Business Management System that assures that the firm will continue to follow all ethical standards and the best legal practices.
The firm is eager to ensure the long-term success of its clients as a global corporation with a well-organized corporate government. The corporate governance structure helps to reduce costs, avoid risks and identify problems and strategic opportunities.
The Mossack Fonseca Group is proud to have highly dedicated lawyers. Each of them graduated with honors from different universities in Panama and abroad and has a master's and doctoral degree as well as vast experience in various legal issues.
The top feature of Mossack Fonseca Group is its decades of experience in business. In particular, it has 39 years of extensive experience and will continue to deliver excellent service to their clients. The firm's Panama Head Office has 24-hour service; and you can find their office in every continent, which proves their powerful international network. Its staff a member is consists of more than 500 experts around the world and all of them were service and research-oriented professionals. It's also the first ISO 9001 certified law firm in Panama and continues to follow strict due diligence requirements. It acquires "VeriSign" encryption and Central Bank standards for a secure technology platform. They're also motivated specialists seeking solutions for changing business environments. Their client considers their exclusive client portal as a beneficial treat.
You can have a peace of mind with the Mossack Fonseca & Co.'s client portal because it is 100% safe. They hold all their servers in-house to provide the most secure and latest protection available to their clients. The firm joined numerous companies and banks who depend on Verisign to keep their clients' information protected because it is considered the strongest encryption available with the most rigorous authentication standards in the world.
Along with those discussed above, the Mossack Fonseca Group will continue to provide top-notching services. You can visit their official website to have a better understanding of their firm.
Nuestros colegas de Mossack Fonseca Colombia estuvieron en el evento en Medellín, donde asistieron 350 personas de los gremios en temas tributarios mas importantes del pais como son los contadores, revisores fiscales y abogados tributarios organizada por la la Dirección de Impuestos y Aduanas Nacionales (DIAN).
Fundada en 1977, el grupo de Mossack Fonseca es una empresa global que proporciona servicios de contabilidad, fideicomiso y legal integral.
Con más de 500 miembros en cada continente, grupo Mossack Fonseca ofrece excelentes servicios basados en más de 35 años de experiencia. Como parte de su valor añadido, el grupo ofrece asesoramiento personalizado y una experiencia en línea de clase mundial a través de un Portal virtual del cliente que está disponible 24 horas al día. Nuestra aplicación cliente información Portal web permite a los clientes de las empresas en línea, verificar el estado de las empresas y pagar las facturas, además de otras transacciones.
Edificio Mosfon Oficina central, 54th street, Marbella Panamá, República de Panamá Tel: (507) 205.5888 Sitio web: http://www.mossfon.com/
With this development, Singapore became the 93rd jurisdiction to join the pact, touted by the OECD as the world's leading instrument for boosting transparency and combating offshore tax evasion.
The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations, and assistance in tax collection. It guarantees extensive safeguards for the protection of taxpayers' rights.
Ratifying the Convention will expand Singapore's network of partners for the exchange of information on request by 34 jurisdictions. This is part of a series of changes that Singapore has made in recent years to combat cross-border tax evasion, following Singapore's adoption of the internationally agreed standard for exchange of information on request in 2009, Singapore's Ministry of Finance said.
Minister for Finance, Heng Swee Keat, said: "Ratifying the Convention reflects Singapore's commitment to effective exchange of information based on international standards, but the standards can only work if all financial centres, such as Switzerland, Luxembourg, Singapore, and Hong Kong, move together. We will continue to work with our international partners to achieve this and prevent regulatory arbitrage."
The Convention was developed jointly by the OECD and the Council of Europe in 1988. It was amended in 2010 to respond to a call by the Group of Twenty (G-20) nations that it be aligned to the new international standard on the automatic exchange of information and that it be opened up to all countries.
The Convention is now seen as the instrument for swift implementation of the new Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD. It will also be critical for the automatic exchange of country-by-country reports, proposed in the OECD's base erosion and profit shifting project.
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Mossack Fonseca's consistent engagement in community service efforts continued throughout the holiday season in Llano Largo, Panama, where the company distributed holiday baskets outfitted with clothing, food and toys to residents of the community.
Panama, Republic of Panama â¤“ January 14, 2016 /PressCable/ â¤” On Friday, December 12, 2015, Mossack Fonseca's commitment to corporate social responsibility and community service was again on full display. In keeping with its longstanding tradition of supporting communities throughout Panama, company representatives from Mossack Fonseca distributed holiday baskets filled high with food, clothing, and toys to each family living in the rural community of Llano Largo, Panama. Throughout the holiday season, the company has sought to connect with community members and to demonstrate its commitment to service and goodwill to society as a whole.
It was a joyous occasion for all, but the representatives from the company made it quite clear that the opportunity to interact with community members and to give back in this way was a particularly gratifying experience. While several of the company's representatives overheard residents as they exclaimed with awe, "Never have we seen baskets filled with so much â¤” many thanks!" the representatives were quick to express their own gratitude for the support shown by the community throughout the time Mossack Fonseca has made Panama home to its main offices.
Mossack Fonseca's community service efforts do not end at the close of the holiday season, as the company believes in the importance of offering its support to community members regardless of the time of year. Since its founding in 1977, Mossack Fonseca has always sought to provide its legal, accounting and trust services responsibly and in a manner in which everyone â¤” clients, staff members, shareholders and society at large â¤” is able to experience a highly beneficial outcome.
The Mossack Fonseca Group is dedicated to its multi-dimensional corporate social responsibility program, which has been partly inspired by the level of support the company continues to receive from local communities throughout Panama. Through volunteer work and donations, the company focuses on a wide range of concerns including health, education, culture, the environment, and especially children's issues. The company's continued efforts in this regard reflect the sincerity of Mossack Fonseca's core values, which includes loyalty, commitment, and responsibility, among a number of other core principles.
To ensure we can provide our clients with the most secure and up-to-date protection available, we house all of our servers in-house. Our Client Portal encryption certificates use the most powerful secure socket layer (SSL) encryption commercially available today.
VeriSign is one of the most recognizable Internet security providers, and offers the strongest encryption available with the most rigorous authentication standards.
Mossack Fonseca has always provided our clients with the most secure technology available and we join the 95% percent of Fortune 500 companies as well as the world's 40 largest banks who rely on this technology to keep client information protected.
[f=rgba(0,0,0,0.6)] On December 21, 2015, the French Minister of Finance and Public Accounts announced that they had removed BVI from their list of non-cooperative jurisdictions. The French minister indicated that BVI had been very cooperative with France and positively responded to almost all recommended changes.
BVI Premier and Minister for Finance, Dr the Honourable D. Orlando Smith, OBE said, “The Government of the Virgin Islands is pleased with this positive step from France which demonstrates our commitment to exchange of information and also demonstrates our compliance with the international standards”.
The announcement comes after the progress made in BVI was also recognised by the Global Forum on Tax Transparency and Exchange of Information for Tax Purposes in August 2015 which upgraded the Territory's non-compliant rating to 'largely compliant'.
Mossack Fonseca & Co. Established in 1977, the Mossack Fonseca Group is a leading global company which provides comprehensive legal, trust and accounting services.
On November 23, 2015, the Jersey Financial Services Commission (JFSC) released a white paper that outlines the way it will regulate firms in the future and how entities will interact with them going forward.
The JFSC's Change Programme is their response to the rapid growth of global regulation, volatile financial markets, and increased competition from other financial centres, and the potential rewards for timely and effective innovation.
The JFSC's stated objective is: “to deliver balanced, progressive, risk-based financial regulation for Jersey, built on insight, integrity and expertise”. They are targeting five areas in order to achieve their goals:
1. Improved risk awareness and management 2. Enhanced authorization and supervision 3. Better information management 4. E-enablement 5. An enhanced people strategy
The JFSC indicated that additional announcements will be made as the Change Programme is phased in over the coming months.
According to the Panama Maritime Authority (AMP), registering naval mortgages in Spanish (the official language of Panama) as well as incorporating the original documents in English will provide greater reliability and efficiency in the registration of ownership of ships.
As I am so accustomed to interviewing entrepreneurs, I was interested in the path of a Human Resources professional for such an international corporation with over 500 employees. So, I'm happy to present an interview with Katia Solano the Director of Human Resources for Mossack Fonseca & Co (MF).
Established in 1977, Mossack Fonseca is a leading global company which provides comprehensive legal, trust and accounting services.
Katia's been at the company for more than 20 years. She's moved through many different positions, learning different skills along the way, from reception to filing and then as the personal assistant to one of the founders of the company.
"I worked with the founder when MF was a pretty small company; we were around 30 employees at that time. Later, I worked on accounts receivables and payables, and then I came to the human resources department."
Give me an overview of the work that is done in the human resources department.
"Human Resources is a company-wide department, so it has to do with the human resources policies for the entire MF group―the hiring process, candidate selection, training and development, performance evaluation, benefits and salaries, internal communications, leadership development, deployment, cascading goals, the company culture, and induction, amongst others. I work closely with the CEO and the management team. I deal with all the managers of the different offices around the world. I have a team of six employees."
To what degree do you keep your finger on the pulse of hiring?
"I meet at least once a week with the Recruitment and Selection Specialist―she reports directly to the Human Resources Coordinator―but I meet with her once a week because the recruitment process is a key process in any organization. However, I don't interview candidates unless we are going to hire someone for a key position, like for example a lawyer or a management team member―somebody of a high level―whether here in Panama or in any of the offices abroad. In Panama it is very difficult to hire good people because the labor market is so tight."
Katia, what do you do to recruit qualified employees, whether in Panama or abroad, when faced with a shortage of available talent?
"Well it is very helpful that we have a well-known, highly respected name here―so lawyers, in particular, want to work at MF; I'm always receiving resumes in my inbox or through LinkedIn. We usually advertise our positions online. Plus, we are involved with universities―we maintain close contact with them and they always refer people to us for internships. We do the same thing with high schools―we usually have maybe 15 interns that are about to graduate from high school, so they do their internships here―many times when they finish their degree programs they apply to work here. In addition, we try to be involved in all the job fairs."
Your internship program with students from high schools and universities sounds like a great way to evaluate talent.
"Definitely, because when they come to intern with us we really do make an effort to teach them as much as possible. I insist that all our managers make sure to give them as much training and experience as they can handle. There are many companies that simply have their interns do menial tasks; however, I insist that we don't do that with ours. At MF, the interns learn about the company, its mission, culture, and values, and usually they like it and they go back to school or university with a good impression. They share that information with their friends and we usually receive some resumes from other students of the same schools that want to do internships with us. Also, there are many professors who know that we really train their students and they refer candidates to us."
How important is it keep personally connected to the process of adding new personnel to the MF team?
"It is very important because our recruitment process is integral to the future of the company―so to me recruiting talented people is directly related to the strategy of the company because we offer our clients specialized services so we really need to have talented people to be able to provide our clients with excellent service. "
Do you have any hard-fast rules that are followed in your own selection of team members or those who will be working close to you?
"Selecting a new employee is kind of tricky because it is not only that you want to have the person with the perfect profile, but you need a combination of skills and attributes―you need somebody who has the capacity and desire to do the job they have applied for―somebody who has a clear vision of what they want in the short and long term―and they have to be a good fit with our company."
Do you have an anecdote or philosophy to share that comes to mind that would sum up your thoughts about hiring?
"To me, attitude is everything. You may have a good candidate with the perfect academic background and experience, but if the person does not really want to do the job they are applying for, then we are wasting our time. Usually I hire people with little to no experience and then we train them; they appreciate that and they tend to stay for a long time."
Katia's priorities and methodical approach align with Hiring Truth 1: Be diligent, not desperate from my book The Naked Interview: Hiring without Regret. She is ensuring the candidates are carefully selected and that they are cared for with training to help them stick.
"Now, I know that millennial are different. I have millennial on my team and you have to know how to manage them to keep them interested and motivated. One way I do that is by assigning them various projects―you needs to work differently with them."
"We keep them interested and motivated by offering them attractive benefits, continuous training and education―and the opportunity to move laterally (to work in a different department) and up―depending on the individual's skill set and our company needs. Another advantage of MF is our multicultural and international environment where they can work and interact with our colleagues and clients all over the world."
"Everything is different now. I mean the usual human resources process is different now because you cannot plan their careers anymore; they have their career already planned and they evaluate the company to see if the company meets or exceeds their expectations and in particular, what the company is going to give them, so everything has changed."
What is the best interview question you have ever used? "I use a combination of questions. When you are going to interview a candidate, you have to be clear about what you or the manager needs, and of course, what the company needs. Sometimes you need to help the managers to identify what they need. When I am doing an interview I pay attention to everything and usually I write down everything they say, so I will ask questions like: How do you see yourself (as a professional) in two years? ― What do you want to do? ― Why? ― What kind of company are you looking for? ―What would be your ideal job? I ask about previous bosses and companies to get an idea of what type of boss and company culture they like―or dislike."
What has driven your personal success at Mossack Fonseca Group? "I like to serve people. I am proud of being a member of MF and also of the human resources department. I feel that we support MF―its management and reputation. I tell my people every day that we are service providers. To me, it is critical to be willing to serve our internal and external customers, and to maintain the highest professional standards."