L ast Sunday, the world witnessed the biggest data leak in history. Names of then-current national leaders in the documents include President The leaked files identified 61 family members and associates of prime ministers, presidents and kings,Other clients included less-senior government officials and their close relatives and associates, from over forty countries.Over £10 million of cash from the sale of the gold stolen in the 1983 Law firms play a central role in offshore financial operations.Leaked documents also indicate that the firm would also backdate documents on request and, based on a 2007 exchange of emails in the leaked documents, it did so routinely enough to establish a price structure: $8.75 per month in the past.The anonymity of offshore shell companies can also be used to circumvent international sanctions, and more than 30 Mossack Fonseca clients were at one time or another blacklisted by the Three Mossack Fonseca companies started for clients of Helene Mathieu Legal Consultants were later sanctioned by the US Treasury's DCB Finance, a Virgin Islands-based shell company founded by North Korean banker Mossack Fonseca, required by international banking standards to avoid Mossack Fonseca has managed more than 300,000 companies over the years.The leaked documents indicate that about US$2 trillion has passed through the firm's hands.On Monday, April 4, Mossack Fonseca released another statement: Among the international figures named in the “ Panama Papers, ” the trove of more than 11 million leaked financial and legal documents made public over the weekend, is the richest man in Syria, Rami Makhlouf. The documents also expose bribery scandals and corrupt heads of state and government. The data primarily comprises e-mails, pdf files, photo files, and excerpts of an internal Mossack Fonseca database. Who leaked the Panama Papers? The documents contain personal financial information about wealthy individuals and public officials that had previously been kept private.The documents were dubbed the Panama Papers because of the country they were leaked from, but the Panamanian government expressed strong objections to the name over concerns that it would tarnish the government's and country's image worldwide, as did other entities in Panama and elsewhere.In addition to the much-covered business dealings of British prime minister The journalists on the investigative team found business transactions by many important figures in world politics, sports and art. It covers a period spanning from the 1970s to the spring of 2016. However, a look through the Panama Papers very quickly reveals that concealing the identities of the true company owners was the primary aim in the vast majority of cases. The "party donations scandal" list contained 130 names, and the UN sanctions list more than 600. In the months that followed, the number of documents continued to grow far beyond the original leak. The documents provided detailed information on more than 214,000 offshore companies, the names of their shareholders as well as their directors, who included government leaders, their close associates and relatives. The alleged offshore companies of twelve current and former heads of state make up one of the most spectacular parts of the leak, as do the links to other leaders, and to their families, closest advisors, and friends. They stored the data in a room with limited physical access on Reporters sorted the documents into a huge file structure containing a folder for each shell company, which held the associated emails, contracts, transcripts, and Additional stories were released based on this data, and the full list of companies was released in early May 2016.The sheer quantity of leaked data greatly exceeds the Mossack Fonseca notified its clients on April 1, 2016 that it had sustained an email hack. The Panamanian law firm also counts almost 200 other politicians from around the globe among its clients, including a number of ministers. The alleged offshore companies of twelve current and former heads of state make up one of the most spectacular parts of the leak, as do the links to other leaders, and to their families, closest advisors, and friends. The request said the generally- accepted name for the investigation "damage(d) the image" of Panama.Attorney General of Panama Kenia Isolda Porcell Diaz announced on January 24, 2017 that he was suspending the investigations against Mossack Fonseca because it filed an appeal for protection of constitutional rights before the First Superior Court of Justice of Panama and requested that he deliver all the original documents to issue a judgment.Mossack and Fonseca were detained February 8, 2017 on money-laundering charges.On April 22, 2016, Australia said it would create a public register showing the beneficial, or actual, owners of shell companies, as part of an effort to stamp out tax avoidance by multinational corporations.David Sutton was director of AAT Corporation and EHG Corporation when they held mineral licenses in North Korea and did business with Korean Natural Resources Development and Investment Corporation, which is under Media initially reported that the Panama Papers lists 500 entities created under the jurisdiction of the Cook Islands, population 10,000, almost as many as Singapore, whose population is 5.7 million.In distancing New Zealand from the Cook Islands, Key ignored the close ties between the two countries and the crucial role New Zealand had in setting up the Cook Island taxation system.Soon the filings almost covered the island's year budget. As a consequence of their business dealings with Mossack Fonseca, Commerzbank, HSH Nordbank, and Hypovereinsbank agreed to pay fines of around 20 million euros, respectively. They do nothing but manage money, while hiding who owns it.One of the media partners involved in the investigation, McClatchy, has more In an interview with a Swedish television channel, The BBC does not know the identity of the source but the firm says it has been the victim of a hack from servers based abroad.The information in the documents dates back to 1977, and goes up to December last year.