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Panama firm at center of offshore accounts leak threatens to sue journalists

FILE - In this April 4, 2016 file photo, a marquee on a building in Panama City, Panama, lists the Mossack Fonseca law firm, one of the leaders in setting up offshore bank accounts for the rich and powerful. Offshore accounts conjure up images of malicious misdeeds, but many people use them for more than just hiding bribes and laundering money. And offshore accounts can be a financial tool for more than just the ultra-wealthy, too.  (AP Photo/Arnulfo Franco, File)

FILE - In this April 4, 2016 file photo, a marquee on a building in Panama City, Panama, lists the Mossack Fonseca law firm, one of the leaders in setting up offshore bank accounts for the rich and powerful. Offshore accounts conjure up images of malicious misdeeds, but many people use them for more than just hiding bribes and laundering money. And offshore accounts can be a financial tool for more than just the ultra-wealthy, too. (AP Photo/Arnulfo Franco, File)

The Panamanian law firm at the center of the huge trove of leaked documents detailing offshore financial dealings says it will take legal action against an international consortium of journalists.

The Mossack Fonseca firm said in statement Tuesday that it had asked the International Consortium of Investigative Journalists to stop publishing information from the documents that it has said were obtained through a computer hack.

On Monday, the consortium published information about some 200,000 offshore entities in a searchable database. It said that did not imply all those mentioned violated the law.

The firm says that in addition to being obtained illegally, the data is full of errors.

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The consortium has published a number of stories detailing how world leaders, celebrities and businesses use such entities to hide money.

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