The International Consortium of Investigative Journalists has announced it will release an interactive and searchable database of firms, companies, trusts, foundations, tax havens, linking people in over 200 countries and territories, implicated in the Panama Papers investigation. The release of these records will enable anyone with an internet connection to search and ‘visualise the networks around thousands of offshore entities…[including] records of the company’s true owners.’ The disclaimer is, for obvious reasons, that there will be no personal information such as bank and transaction records, emails or telephone records, released with the data.
Such information, in becoming available to the public, will allow greater knowledge and understanding of the activities of companies, officials, etc. and perhaps rally calls for greater accountability and transparency. The Panama Papers Investigation and these records indicate the significant lack of both and emphasise the need for greater regulation. The justification and reason for release: it is ‘in the public interest’.
STAY TUNED! The database is due to go live on 9 May 2016: https://offshoreleaks.icij.org
READ MORE: https://panamapapers.icij.org/20160426-database-coming-soon.html