Early April’s leak of documents detailing how global elites hide their money has put a new spotlight on the issue of financial secrecy. Power players throughout the world have been connected to shell companies set up by Mossack Fonseca, the law firm in Panama that was the victim of the breach.
The Panama Papers have already displaced the Prime Minister of Iceland, Spain’s industry minister, the CEO of an Austrian bank and — ironically — the head of Transparency International’s Chile branch. Thousands of protesters have also called on British Prime Minister David Cameron to resign. In response to the revelations, appeals for reform came fast,