The investigation exposes the offshore system that government leaders, billionaires and criminals often use to hide their assets. For an explanation of how offshore systems work and why people choose to hold their money in these companies, read our overview.
Within hours of publication, at least eight national governments promised to launch their own inquiries into the financial activities revealed in the papers.
Around the world, political players named in the investigation faced criticism for lavish spending and opaque practices.
Some defended their actions. Czech Prime Minister Andrej Babis, who is up for reelection this week, suggested Sunday that the Pandora Papers revelations about him are part of an effort to “influence the Czech election.”