After panama papers I realized that money are moved using fax machines. It seems to start moving money you need to know company name and its representetive. Hav

After panama papers I realized that money are moved using fax machines. It seems to start moving money you need to know company name and its representetive. Having this info sending a fax stating move money from A to B is sufficient. I assume huge amounts can be or are stolen from ofshore companies.