The Panama papers in detail

The Panama papers...

A giant leak of more than 11.5 million financial and legal records exposes a system that enables crime, corruption and wrongdoing, hidden by secretive offshore companies. Tax officials from 28 nations converged at a special meeting in Paris to develop a strategy for unprecedented collaborative action based on Panama Papers revelations.

• Panama Papers provides unprecedented look at connection between international art trade and offshore secrecy
• Billionaire art dealers use offshore company to shield painting allegedly looted by Nazis
• Identity revealed of the man secretly behind the 20th century’s most important modern art auction

The records, more than 11 million documents in all, come from the internal files of Mossack Fonseca, a Panamanian law firm that specializes in building corporate structures that can be used to conceal assets. Dating from 1977 through 2015, the files include the biggest known cache of inside information on the connections between the international trade in art and offshore secrecy jurisdictions. The records paint a picture of a thinly regulated industry where anonymity is regularly used to shield all kinds of questionable behavior.

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