Ten years since Panama Papers: What did they reveal, did anything change?
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In April 2016, the Panama Papers, a leak of 11.5 million documents from law firm Mossack Fonseca, exposed a vast global network of offshore shell companies used by the world's elite to hide wealth. The documents, analyzed by over 350 journalists from 80 countries, revealed the financial dealings of politicians, business leaders, and public figures across more than 200 countries, dating back to the 1970s. These individuals and entities used tax havens like Panama and the British Virgin Islands to avoid scrutiny from tax authorities. The leak, initiated by an anonymous whistleblower, highlighted the scale of offshore finance and led to Mossack Fonseca closing in 2018.
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AI-ExtractedHundreds of people, including more than 140 politicians, were identified.
About 214,000 entities were linked to individuals and companies in over 200 countries and territories.
Mossack Fonseca closed its doors in 2018, two years after the files were leaked.
More than 11.5 million documents from Mossack Fonseca were leaked.
The Panama Papers revealed a vast scale of offshore financial networks used by the global elite.
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