Financial Fraud in Panama Exposed: Politicians and Public Officials Linked to Offshore Holdings

A massive leak has revealed the offshore holdings of 140 politicians and public officials from around the world, including current and former world leaders. The prime minister of Iceland, the president of Ukraine, and the king of Saudi Arabia are among those whose financial secrets have been exposed.

The Scale of the Leak

• More than 214,000 offshore entities are connected to people in over 200 countries and territories.
• The data, obtained by the International Consortium of Investigative Journalists (ICIJ), reveals a widespread use of offshore accounts to hide wealth and avoid taxes.

Major Banks’ Involvement

The leak has also uncovered major banks’ role in driving the creation of hard-to-trace companies in offshore havens. This raises serious questions about their compliance with anti-money laundering regulations and tax laws.

Consequences for Politicians and Public Officials

The ICIJ investigation sheds light on how politicians and public officials have used offshore accounts to hide their wealth and avoid taxes. The findings are likely to spark outrage and calls for greater transparency and accountability in global finance.

Urgent Call to Action

ICIJ is urging governments around the world to take concrete steps to combat financial fraud and protect citizens’ right to know about their leaders’ finances. We need your support to hold the powerful accountable and ensure that those who have been implicated in this leak are held responsible.

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