ICIJ Panama Papers Cause Waves in Transparency and Accountability

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Thursday, April 7, 2016
Author: 
Bruce Zagaris
Volume: 
32
Issue: 
4
Abstract: 

On April 3, 2016, the International Consortium of Investigative Journalists (ICIJ) published a series of stories about a massive leak of documents from Mossack & Fonseca, a Panamanian law firm that is reputedly the largest corporate formation agent in the world with branches in Hong Kong, Miami, Zurich, and more than 35 other places around the world.  The files cover from 1977 through the end of 2015 and reveal the offshore holdings of 140 politicians and public officials from around the world.  Current and former world leaders in the data include the Prime Ministers of Iceland and Pakistan, the President of Ukraine and the King of Saudi Arabia.  More than 214 offshore entities appear in the leak, connected to people in more than 200 countries and territories.