On 28 January, ICIJ said that leaked documents show that, beginning in 2009, a London financial broker used an offshore trust to buy more than a dozen Banksy pieces, including several that are now iconic.  It says that the records detailing the Banksy transactions are found in the Pandora Papers, a huge cache of documents that describe financial holdings of hundreds of politicians, oligarchs, business tycoons and criminals.  Art has become an increasingly popular store of value in the offshore world, the documents show, with pieces traded by shell companies and trusts whose ultimate ownership is often hidden from authorities and the public.  All told, ICIJ identified more than 1,600 works of art by about 400 artists from all over the world, secretly traded through shell companies in tax havens.

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: