Will the release of the Pandora Papers lead to any change?
The Pandora Papers illustrate the evils of financial secrecy, transnational corruption, and money laundering, as well as the ability of politicians, high-net-worth individuals, and criminals to hide their money. They also show the insatiable temptations of financial confidentiality and the growing knack of the ICIJ to expose financial secrecy.
“Pro Mundi Beneficio:” Panama’s obscure banking system explained
Since 1919, Panama’s economy has thrived on shipping and banking laws that shielded those who wanted shelter. With the revelations of the Panama Papers, can a reform-minded president deliver transparency without undermining the country’s economy?