The public gained its first access to the Panama Papers records of over 200,000 secret offshore companies Monday when the International Consortium of Investigative Journalists put a searchable database up online.
The database, built on just a portion of the 11.5 million documents leaked from the Panama law firm Mossack Fonseca, reveals more than 360,000 names of individuals and companies behind the anonymous shell firms, the ICIJ said.
It reveals the full extent to which the world's wealthy, alongside criminals, create such nominee companies to stash and transfer assets out of sight of the law and tax officials.
Reports already published in April based on the explosive dossier linked some of the world's most powerful leaders, including Russian President Vladimir Putin, British Prime Minister David Cameron and others to unreported offshore companies.
Iceland's prime minister Sigmundur David Gunnlaugsson, and Spain's industry minister Jose Manuel Soria, were forced to resign when they were tied to shell companies.
Until now access to the total cache of documents, originally provided by a mysterious "John Doe", was restricted to the ICIJ and a select group of international media.
'In the public interest'
The ICIJ said Monday it is publishing some of the information catalogued in a database "in the public interest," as a global movement against tax evasion and the secrecy accorded the beneficial owners of anonymous shell companies gains force.
The database "allows users to explore the networks of companies and people that used -- and sometimes abused -- the secrecy of offshore locales with the help of Mossack Fonseca and other intermediaries," the ICIJ said.
It said it was not making available raw records online, nor was it putting all the information from the records out, in part to prevent access to bank account details and personal data of those mentioned.
The database can be searched by individual and company name and address, and shows links between those in the database.
But it gives no information -- beyond their name -- on the full identities of those behind the companies, nor of the underlying assets linked to the accounts.
And often the names of companies are linked to other similarly anonymous companies.
Even so, the individuals associated with the firms plainly come from all four corners of the globe. Many of the names are Chinese, Middle Eastern, Latin American and European.
The data came from nearly four decades of digital archives of Mossack Fonseca, one of the leading firms in the world for creating secret companies.
It is not known how the documents came to light; Mossack Fonseca says its computer records were hacked from abroad.
However they were obtained, "John Doe" first provided them to the German newspaper Süeddeustche Zeitung, which then approached ICIJ to organize a collective analysis of them.
Criminals, filmmakers, footballers
The groups working with the ICIJ had full access to the Panama Papers, and their research has linked political leaders, celebrities and a few criminals to the companies.
- Putin's closest circle moved $2 billion through banks and shadow companies, according to the ICIJ, prompting the Russian leader to claim the Panama Papers was a US plot against him.
- Argentine President Mauricio Macri was also linked to offshore companies.
- China censored media and online social networks from mentioning links between the families of Chinese leaders with offshore entities.
- The names of Argentine footballer Lionel Messi, Hong Kong film star Jackie Chan and Spanish movie director Pedro Almodovar, all came up in the database.
Mossack Fonseca on Thursday sought a court order last week to prevent the ICIJ from putting the data online, arguing it would violate attorney-client privilege.
But the ICIJ said it is important the public be able to look up information on any offshore company.
"We think that information about who owns the company should be public and transparent," Marina Walker Guevara, deputy director of the ICIJ, told CNN.
She stressed, however, that "this is not disclosing private information en masse."
AFP
Tue May 10 2016

The public gained its first access to the Panama Papers records Monday when the ICIJ put a searchable database up online.

How does space travel affect astronaut health?
Here is an explanation of some of the effects on human health caused by space travel.

Can you distinguish between reality and deepfake?
Currently, Malaysia has no specific laws regulating deepfake technology.

Animated films seek to find a place in best picture Oscar race
Animated filmmakers now aim to be included to the best picture race after being shut out for several years.

Emotional trauma piles up for Ukraine's children three years after invasion
Teachers, psychologists and children are used to living in a state of chronic exhaustion without a clear end in sight, experts say.

Wedding content creation the big thing now for newlyleds
A wedding content creator's success does not rely solely in tech but in capturing emotions and bringing a couples love story to life.

Will Western companies return to Russia?
Easing restrictions could let some companies return to what was once a high-growth market under Trump's administration.

Chatbots pose challenge to guarding child mental health
Developers say AI companions can combat loneliness and improve users' social experiences in a safe space.

With blitz of policies, Trump goes beyond Project 2025's goals
Trump denies ties to Project 2025 but continues reshaping policies through executive power.

Almost half of chronic kidney patients in Malaysia lost their jobs - study
The study raises concerns about the future of chronic kidney patients, especially those who rely on long-term dialysis treatment.

Beware of scam tactics using AI
The drastic development of AI technology is being taken advantage of by scammers to reap huge profits by using various latest tactics.

Fired and rehired - the dizzying confusion of Trump's government overhaul
They have adopted a blunt force approach toward the wholesale firing of workers, often focusing on workers who are easier to fire.

Arab states scramble to counter Trump's Gaza 'Riviera' plan
Arab states trying to devise an alternative plan have yet to tackle critical issues like who will foot the bill for Gaza's reconstruction.

Chinese universities launch DeepSeek courses to capitalise on AI boom
Universities across China have launched artificial intelligence courses this month based on Chinese AI startup DeepSeek.

Astronomers reveal 3D structure of an alien planet's atmosphere
Astronomers find three layers on a scorching gas planet orbiting a star larger and hotter than the sun.

Public flips car involved in road accident to rescue child
According to JBPM, members of the public at the scene took initial action to rescue the victim before the fire brigade arrived.

Ramsay reveals hundreds of lucky cat statues stolen from new restaurant
Gordon Ramsay says about 477 Japanese cat models called maneki-neko were stolen from his Lucky Cat 22 Bishopsgate restaurant.

Zayn Rayyan case: Two child witnesses complete testimony today
So far, 20 prosecution witnesses, including the two children, have been called for this trial, according to the Deputy Public Prosecutor.

Macron says he will tell Trump not to be weak with Putin in Washington visit
Emmanuel Macron says showing any weakness to Russia's Vladimir Putin would make it harder to deal with China and Iran.

Israeli PM Netanyahu says Hamas will pay for not returning Shiri Bibas
Netanyahu accuse Hamas of acting "in an unspeakably cynical manner" by placing body of a Gaza woman in the coffin instead of Shiri Bibas.

Trump pulls US out of key global climate assessment, sources say
The US is a co-chair along with Malaysia of a working group on climate mitigation, or ways to reduce greenhouse gas emissions.