FRANKFURT, Germany – The Latest on the release of a database listing offshore companies named in the Panama Papers (all times local):
A global network of investigative journalists has published data on more than 200,000 offshore entities that was the source of a recent string of stories about companies and individuals who hid money in tax havens.
The International Consortium of Investigative Journalists says publishing the data doesn't imply that all of the persons and companies mentioned broke the law, since there are legitimate uses for offshore companies.
But the data, first obtained by German newspaper Sueddeutsche Zeitung, has already highlighted the extent to which the rich and powerful use shell companies to hide money, and led to the resignation of Iceland's prime minister.
The data relates to clients of Panamanian law firm Mossack Fonseca, which says it was hacked.
Bank accounts, phone numbers and email addresses were left out of the database published Monday at https://offshoreleaks.icij.org/ .
The investigative journalists who reported on a trove of data about offshore companies of the rich and powerful are making the names of 200,000 entities available in a searchable database.
The International Consortium of Investigative Journalists says the data from Panamanian law firm Mossack Fonseca will be published Monday at 1800 GMT (2 p.m. ET) on its website .
They contain basic corporate information about companies, trusts and foundations in 21 jurisdictions including Hong Kong and the U.S. state of Nevada. Bank accounts, phone numbers and emails were left out.
News reports based on the data, first leaked to Germany's Sueddeutsche Zeitung daily, highlighted the use of shell companies to hide money and led to the resignation of Iceland's prime minister. Mossack Fonseca has said it was hacked.