On 3 October, various sources reported that Panama fears the International Consortium of Investigative Journalists’ (ICIJ) “Pandora Papers”, featuring a new expose about financial secrecy in global tax havens, could (after the Panama Papers of 5 years ago) again taint its reputation. The ICIJ has tweeted that it would release its “most expansive expose of financial secrecy yet,” based on the leak of 11.9 million documents “covering every corner of the globe”. Meanwhile a leaked letter in Panama is said to reveal some of the effects of the Panama Papers, e.g. that since 2016 the registration of more than 395,000 companies and foundations has been suspended, around half of those existing at that time, and saying that the Panama of 2016 “is nothing like the Panama of today”.
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