(Image: Private Media)

This is part 12 in a series. For the full series, go here.

A couple of months ago, the world awoke to yet another revelation of another massive, global dirty money scandal. The Pandora Papers revealed the secret offshore bank accounts of current and former heads of state, public officials, billionaires, celebrities and business leaders totalling an estimated US$32 trillion.

Hidden offshore bank accounts don’t just enable tax evasion; they also assist people to hide ownership interests and facilitate money laundering.