Journalists worldwide are now sifting for clues to their own country’s corruption in the 2.6 terabytes of “Panama Papers” leaked from Mossack Fonseca over the weekend. The Panamanian firm was memorably dubbed “The Law Firm That Works With Oligarchs, Money Launderers and Dictators” by journalist Ken Silverstein. Now new reports leave no doubt about the oligarchs and dictators, and prosecutors in Brazil and the BVI concur about the money laundering. Mossack has responded to the new wave of allegations with a long statement affirming its status as a responsible member of the global financial community.
So what does the “PanaLeaks” scandal mean for the republic of American lawyers?
