Mossack Fonseca

Mossack Fonseca was a Panamanian law firm that specialized in creating and managing offshore shell companies. In 2016, the firm became infamous as the source of the Panama Papers, a massive leak of over 11.5 million documents exposing the offshore financial dealings of numerous individuals and entities worldwide. The firm closed its doors in 2018, two years after the leak. The firm is newsworthy now because it is the tenth anniversary of the Panama Papers leak, and various news outlets are reflecting on the scandal's impact. The leaked documents revealed how Mossack Fonseca helped clients, including politicians, celebrities, and criminals, conceal wealth and evade taxes. While the definitive proof of some allegations, such as those implicating Vladimir Putin, remained elusive, the Panama Papers triggered investigations, prosecutions, and policy changes globally, highlighting the role of journalists and the enduring relevance of offshore finance transparency.