Financial Times FT.com

The money heads for Panama and Singapore

By Vanessa Houlder in London and Haig Simonian in Zurich

Published: August 16 2008 03:00 | Last updated: August 16 2008 03:00

Tax dodgers are transferring money from Liechtenstein to Panama, Singapore and other secretive offshore centres, intelligence from foreign tax authorities shows.

One official said the switch had been prompted by the greater focus on evasion after the theft of client details from LGT and Liechtensteinische Landesbank.

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