Most of the services the offshore industry provides are legal if used by the law abiding. But the documents show that banks, law firms and other offshore players have often failed to follow legal requirements that they make sure their clients are not involved in criminal enterprises, tax dodging or political corruption. In some instances, the files show, offshore middlemen have protected themselves and their clients by concealing suspect transactions or manipulating official records.The documents make it clear that major banks are big drivers behind the creation of hard-to-trace companies in the British Virgin Islands, Panama and other offshore havens. The files list nearly 15,600 paper companies that banks set up for clients who want keep their finances under wraps, including thousands created by international giants UBS and HSBC.
Apple may have a few camera upgrades in store for the upcoming iPhone 14. Rumors say the tech giant has chosen a new supplier for its front-facing camera to make a higher-end lens. According to a report from Korean tech site ET News, citing unnamed industry sources, South Korean supplier LG Innotek will provide the new selfie camera for the iPhone 14 and iPhone 14 Pro.
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