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April 28, 2016 12:00 am

There Will Be A Huge New 'Panama Papers' Data Dump

An anonymous reader writes: The International Consortium of Investigative Journalists said in an email that on May 9 it would "publish what will likely be the largest-ever release of information about secret offshore companies and the people behind them," based on data from the Panama Papers investigation. "The searchable database will include information about more than 200,000 companies, trusts, foundations, and funds incorporated in 21 tax havens, from Hong Kong to Nevada in the United States." The ICIJ said in the email, "The impact of Panama Papers has been epic." The investigation has caused Icelandic Prime Minister Sigmundur David Gunnlaugsson to resign following revelations about his personal finances. It has caused Putin to point fingers at the West, accusing the U.S. of trying to weaken Russia. It has even created drama in the UK with calls for Prime Minister David Cameron to resign after his connections to offshore companies became evident. In addition, the ICIJ said, "[The Panama Papers investigation] sparked a new sense of urgency among lawmakers and regulators to close loopholes and make information about the owners of shell companies public."

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