The Panama Papers -- News Updates April 4, 2016 (Updated)

Daily Mail: Map reveals how secretive Panama law firm Mossack Fonseca relies on a network of offices with contacts around the world to support its super-rich clients

* Secretive law firm Mossack Fonseca is based in Panama but has branches in more than 35 cities around the world
* Success relies on a network of banks and accountants who put clients in touch with the firm to manage their assets
* Work with Mossack Fonseca to create thousands offshore accounts, which can be used to conceal financial affairs
* Thousands of accounts were requested by major financial institutions including, Coutts, Rothschild and HSBC

The law firm at the centre of the biggest financial leak in history relies on an international network of lawyers, bankers and accountants to support its high net-worth clients.

The secretive Mossack Fonseca is based in Panama but has set up branches in more than 25 countries around the world, listing 37 different offices on its website. The global set-up has allowed the law firm to establish relationships with law firms, banks and accountants who work with the super rich.

Its success relies on these associates, among them major financial institutions including HSBC, Credit Suisse and Coutts, hiring the law firm to manage the finance of their wealthy clients.

They then work with Mossack Fonseca to create thousands of offshore accounts, which are allegedly used to help clients launder money, dodge sanctions and evade tax. The law firm has denied any wrongdoing.

Read more ....

The Panama Papers

PANAMA PAPERS: The secrets of dirty money -- Suddeutsche Zeitung
Panama Papers -- ICIJ
ICIJ/OCCRP Panama Papers project yields unprecedented access to high level offshore corruption -- OCCRP

Live Updates

Panama tax leak reaction: Live -- BBC
The Latest: Over 1,000 Germans tied to offshore data leak -- AP
Panama Papers: global reaction to huge leak of offshore tax files - live -- The Guardian
Panama Papers live: Downing Street responds to claims David Cameron's father avoided paying tax -- The Independent
Panama Papers: David Cameron embroiled in tax avoidance row after details of father's Bahamas business interests are leaked: Live -- The Telegraph

The Panama Papers -- News Updates April 4, 2016

Panama Papers read like Who's Who of world power -- USA Today
The big names caught up in the Panama Papers scandal -- Sydney Morning Herald
Trove of data on offshore accounts prompts probe, questions -- AP
Tax evasion probes underway after Panama Papers leak -- Reuters
Panama Papers: Leaks spur global investigations -- BBC
A look at offshore accounts used to hide wealth, avoid taxes -- AP
Panama Papers: Huge leak exposes tax havens of world leaders -- Asia Times
A world tour of the politicians named in the Panama Papers -- France 24
Panama Papers: Vladimir Putin associates, Jackie Chan identified in unprecedented leak of offshore financial records -- ABC News Online
Panama Papers: biggest leak in history published by German newspaper -- Euronews
'Panama Papers': World leaders, politicians, celebrities hide fortunes offshore -- UPI
Panama leak draws scrutiny to offshore havens -- Financial Times
'Panama Papers' reveal how the rich hide money offshore -- DW
Panama Papers: Huge leak alleges elites hiding money -- Al Jazeera
Panama Papers: Mossack Fonseca Leak Reveals Widespread International Corruption -- IBTimes
Massive document leak taints 140 int'l politicians, officials -- FOX News
Massive Document Leak Reveals Offshore Accounts Of World Leaders -- NPR
Panama Papers: Millions of leaked documents reveal how world’s rich and powerful hid money -- The Independent
Panama Papers: Document leak exposes global corruption, secrets of the rich -- CBC
Massive ‘Panama Papers’ leak reveals how world leaders, celebrities, billionaires are using shady off-shore company to hide their riches -- New York Daily News
Massive leak reveals money rings of global leaders -- USA Today
The Prime Ministers, Presidents and Kings Who Benefited From Tax Shelters -- Haaretz

Russian President Putin And The Panama Papers

Revealed: the $2bn offshore trail that leads to Vladimir Putin -- The Guardian
Offshore empire of Putin's cellist friend shines light on Kremlin wealth -- AFP
ICIJ Report Says Putin Associates Ran $2B Through Offshore Accounts -- VOA
Massive Document Leak Details Offshore Accounts Connected to Putin and Other Leaders -- Fortune
Putin associates had $2 billion in offshore accounts, report says -- Washington Post
Panama Papers: Putin associates linked to 'money laundering' -- BBC
International Journalists Say Putin Associates Ran $2 Billion Through Offshore Accounts -- VOA
In search of Putin's money -- Al Jazeera
A massive leak of documents connects Putin and other world leaders to offshore deals -- Quartz
Putin's spokesman denies involvement in offshore accounts -- AP
Kremlin dismisses reports alleging links between Putin and offshore deals -- Reuters
Leaks about offshore accounts leave Russians unimpressed -- AP

Chinese Leaders And Their Families Named In The Panama Papers

Chinese President Xi Jinping's family used offshore tax havens to conceal their fortunes according to Panama Papers leak -- Daily Mail
Panama papers: China leaders' relatives named in leaks -- BBC
The Panama Papers are super awkward for Beijing -- Washington Post
Panama papers: China censors online discussion -- BBC
China’s elite—including Xi Jinping—are linked to offshore deals that hid millions of dollars -- Quartz
Panama Papers: Family of China's President Xi implicated -- Straits Times

Ukrainian President Poroshenko

Ukraine’s leader set up secret offshore firm as battle raged with Russia -- The Guardian
Ukraine's Poroshenko defends record after Panama leaks -- Reuters
Poroshenko delegated management of his business assets to consulting companies -- Interfax-Ukraine
Ukrainian president under fire over Panama Papers -- AP
Leaked documents show no evidence of crime by Ukraine's Poroshenko: prosecutor official -- Reuters
Ukrainian MPs call for investigation into Poroshenko after Panama leaks -- Reuters
Ukraine Radical party calls for impeachment probe into president -- Reuters

United Kingdon

Panama PapersCameron silent on whether family money remains in Caribbean tax shelter -- The Telegraph
UK's Cameron under fire over Panama Papers link as government vows to probe data -- Reuters
David Cameron's father and senior Tories named in 'Panama Papers' leak -- The Independent
Cameron's father was Mossack Fonseca client -- BBC
Panama Papers: Downing Street says investments made by David Cameron's father are a 'private matter' -- The independent

Australia

Panama Papers: Australia investigates tax evasion. -- BBC
Australian tax office probes hundreds for possible tax evasion after Panama leak -- Reuters
Panama Papers: ATO investigating more than 800 Australian clients of Mossack Fonseca -- Sydney Morning Herald

Iceland

RESIGN! Thousands gather in Reykjavic to call for Icelandic Prime Minister's resignation over Panama Papers scandal after he hid his millions in a tax haven while his country's economy sank -- Daily Mail
Record Number of Icelanders Protest Over Panama Papers Scandal -- Iceland Review
Thousands Protest In Iceland After Prime Minister Refuses To Step Down -- Huffington Post
Iceland’s PM faces calls for snap election after offshore revelations -- The Guardian
Moment Icelandic Prime Minister storms out of interview when asked about hiding millions in bank bonds through secretive Panama firm – while his country's financial system collapsed -- Daily Mail
Iceland Prime Minister Refuses to Resign Over #PanamaPapers Scandal -- Sputnik
Iceland’s PM says he won’t resign in Panama Papers scandal -- AP

More News On The Panama Papers

EU anti-tax dodging plan under renewed attack after Panama leaks -- Reuters
France to seek documents behind Panama papers: finance ministry -- Reuters
Norway regulator says bank revelations could undermine trust -- Reuters
Dutch to investigate allegations revealed in Panama papers: government -- Reuters
Austrian watchdog investigates two banks after Panama Papers leak -- Reuters
Swedish FSA investigates Nordea after Panama Papers leak -- Reuters
Panama Papers: Who's Implicated from Africa? -- Newsweek
Panama Papers Highlights Links Between Oil And African Leaders, Businessmen -- IBTimes
Panama Papers: The Middle East Players -- Forbes
Panama Papers expose rich Indians' tax dens; Modi announces big time probe -- First Post India
Argentina president, Brazil speaker linked to Panama Papers -- AFP
Argentina's opposition presses Macri over 'Panama Papers' offshore firm -- Reuters
Brazil politicians linked to offshore companies in Panama leaks: paper -- Reuters
Canada's RBC defends practices after Panama Papers leak -- Reuters
Celebrities including Hollywood star Jackie Chan and Barcelona footballer Lionel Messi have used Panama law firm to invest their millions -- Daily Mail
Blacklisted by the US government for ‘wrongdoing’ but exposed as clients of the secretive law firm: 33 individuals and firms listed in 'Panama Papers' are accused of doing business with terrorists or drug lords -- Daily Mail
Panama to Work "Vigorously" to Investigate Offshore Accounts -- AP
Panama lawyer at center of data leak denounces attack on privacy -- Reuters
'Panama Papers' law firm under the media's lenses -- AFP
Justice Dept reviewing Panama documents for possible corruption: WSJ -- Reuters