Some of the world’s biggest aid agencies voiced concern on Monday that they may be further exposed to risk from the murky world of offshore finance after the latest release of the Panama Papers showed the name of the Red Cross was falsely used. The cache of documents revealed how Panamanian law firm Mossack Fonseca created dummy foundations, with one of its fictitious beneficiaries listed as the “International Red Cross.” The misappropriation of the International Committee of the Red Cross’ (ICRC) name was condemned by the Swiss-based agency and other international aid organisations concerned about the reputational risk this may carry for the sector as a whole. The leaked emails, … Continue reading Reuters