The Panama Papers are 11.

5 million leaked documents that detail financial and attorneyclient

information for more than 214,488 offshore entities.[1] The leaked documents were created by
Panamanian law firm and corporate service providerMossack Fonseca;[2] some date back to the
1970s.[3]
The leaked documents illustrate how wealthy individuals and public officials are able to keep
personal financial information private.[4] While offshore business entities are often not illegal,
reporters found that some of the Mossack Fonseca shell corporations were used for illegal
purposes, including fraud, kleptocracy, tax evasion, and evading international sanctions.[5]
"John Doe", the whistleblower who leaked the documents to German newspaper Sddeutsche
Zeitung (SZ), remains anonymous, even to the journalists on the investigation. "My life is in
danger", he told them.[6] In a May 6 statement, John Doe cited income inequality as the reason for
his action, and said he leaked the documents "simply because I understood enough about their
contents to realise the scale of the injustices they described". He added that he has never worked
for any government or intelligence agency. He expressed willingness to help prosecutors if
immune to prosecution. After SZ verified that the statement did come from the Panama Papers
source, ICIJ posted the full document on its website.[7][8]
Because of the amount of data, SZ asked the International Consortium of Investigative
Journalists (ICIJ) for help. Journalists from 107 media organizations in 80 countries analyzed
documents detailing the operations of the law firm.[3] After more than a year of analysis, the first
news stories were published on April 3, 2016, along with 150 of the documents themselves. [9] The
project represents an important milestone in the use of data journalism software tools and mobile
collaboration.
The documents were quickly dubbed the Panama Papers. The Panamanian government strongly
objects to the name; so do other entities in Panama and elsewhere. Some media outlets covering
the story have used the name "Mossack Fonseca papers".[10]