Senators Warren and Brown Ask Treasury to Review "Panama Papers"

U.S. Senators Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) urged the Treasury Department to investigate whether, through involvement with a Panamanian law firm, U.S. companies and persons may have evaded tax obligations or facilitated money laundering and other illegal activity.

The Senators asserted that, although the Justice Department reportedly is investigating the matter, the Treasury Department also should investigate given its status as the primary agency in charge of enforcing laws against money laundering and terrorist financing.

The Senators requested that the Treasury Department provide a full briefing by May 9, 2016.