Panama papers: shedding light on offshore structures | Practical Law
The disclosure of millions of documents from Panamanian law firm Mossack Fonseca in April 2016 attracted widespread media coverage and highlighted the prolific use of offshore structures in the financial and corporate sectors. However, much of the debate seems to confuse or blur the distinction between the legitimate use of offshore structures and their role in shielding or concealing unlawful or criminal conduct.