Panama Papers Explained

 BAKU - On Sunday, April 3rd, a number of global media networks published articles based on the confidential leaked documents from the Panama-based law firm, Mossack Fonseca. The leak includes roughly 11.5 million documents or 2.6 terabytes of data. By comparison, the 2010 Wikileaks Cablegate was roughly 1.7 gigabyte, and the previous 2013 offshore leaks were 260 gigabytes. In short, the data leak, now known as the Panama Papers, is the largest in size.

The Panama Papers reveal how some of the world’s most influential figures have used offshore bank accounts to avoid taxes or conceal their wealth. The list of people includes international politicians such as the Presidents Mauricio Macri, Vladimir Putin, Prime Minister David Cameron and even celebrities like Lionel Messi. What’s more is that the Panama Papers expose the level of corruption in the global financial system.

In this report, we will explain what the Panama Papers are. We will also explore some of the geopolitical related records and what impacts they will have.





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