Two secretary of state audits found contact information missing
M.F. Corporate Services resigns as agent for 1,024 entities
Nevada company tied to a corruption probe in Brazil
The company at the heart of the Panama Papers scandal has resigned abruptly as the representative of 1,024 companies it administered in the state of Nevada.
The resignation by the Nevada affiliate of Mossack Fonseca came more than a month after a report by McClatchy that showed how the firm helped Brazilians, Russians and others camouflage assets from authorities in their home countries.
After two investigations in April, the office of Nevada Secretary of State Barbara Cegavske fined the firm $10,000 on May 20, the maximum allowed under Nevada law.
M.F. Corporate Services (Nevada) Limited’s decision to step away from its registered agent role for 1,024 companies was announced Monday on the secretary of state’s website.
In an interview, Nevada Deputy Secretary of State Gail Anderson said M.F. Corporate Services (Nevada) failed to maintain a name and address of a contact person for all of the shell companies it administered in the state.
“There was an initial visit to the office with a sampling of records, things identified, and under Nevada law they had 10 days to make corrections,” said Anderson.