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The first news stories on the Panama Papers were published, revealing that shell corporations represented by the Panamanian law firm Mossack Fonseca had been used for illegal purposes.
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Panama Papers
2016 document leak scandal
The Panama Papers are 11.5 million leaked documents published beginning April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. These documents, some dating back to the 1970s, were created by, and taken from, the former…Source: Wikipedia (CC BY-SA)
Shell corporation
Company with few, if any, actual assets or operations
A shell corporation is a company or corporation with no significant assets or operations often formed to obtain financing before beginning business. Shell companies were primarily vehicles for lawfully hiding the identity of their beneficial owners, and this is still the…Source: Wikipedia (CC BY-SA)
Mossack Fonseca
1977–2018 Panamanian law firm and corporate service provider
Mossack Fonseca & Co. was a Panamanian law firm and corporate service provider. At one time it was the world's fourth-largest provider of offshore financial services. From its establishment in 1977 until the publication of the Panama Papers in April 2016, the company remained…Source: Wikipedia (CC BY-SA)