Panama has improved transparency in its banking and legal sectors, and its economy is a bright spot in Latin America. But the Panama Papers have hurt the country's reputation.
The Panama Papers showed just how easy it is to stash your money in a place where regulators can't find it. It's not illegal to set up these corporations, and the business of creating them is booming.
The leaked documents tell the backstory of a groundbreaking Christie's auction, and the purchase of a painting one man claims was seized from his grandfather during World War II.
The leaked Panama Papers revealed that the U.K. prime minister's father ran an offshore fund. Five days later, Cameron admitted that he owned shares in the fund before he became prime minister.
Panamanians are upset about their country's international reputation in light of the Panama Papers leak, which exposed the country as helping the world's rich and corrupt hide their money.
Why Africans are breathing a quiet sigh of relief in the wake of the scandal. And one man's dream of what he would do with $2 billion. It involves cocoa.
Global organizations have been trying to rein in the abuse that costs governments hundreds of billions of dollars. But the Panama Papers revelations show the extent to which more work is needed.
Sigmundur David Gunnlaugsson says he is not resigning but another party official will take over for a while. The prime minister and his wife were implicated by leaked financial data.
International investigative reporting, powered by a data breach, links titans of business and politics to secret offshore bank accounts. The reports are prompting investigations and public backlash.