Key findings from the Pandora Papers investigation

The Pandora Papers is an investigation based on more than 11.9 million documents revealing the flows of money, property and other assets concealed in the offshore financial system. The Washington Post and other news organizations exposed the involvement of political leaders, examined the growth of the industry within the United States and demonstrated how secrecy shields assets from governments, creditors and those abused or exploited by the wealthy and powerful. The trove of confidential information, the largest of its kind, was obtained by the International Consortium of Investigative Journalists, which organized the investigation.

Here are the key takeaways:

1. Country leaders on five continents use the offshore system

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2. Governments launch investigations after secret papers show how elite shield riches

3. Some American states have become central to the global offshore system:

4. A global treasure hunt leads to an indicted art dealer’s offshore trusts — and the Met

5. U.S. sanctions imposed on Russian oligarchs hit their targets.

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