01197nam a22001337a 4500100003500000245005200035260008800087300000800175520067700183650009700860856008600957942000701043999001301050 aKöckeis, J. and Schupper, C. aThe Panama Papers Prove: It Is Time For Action! aGermanybDeutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbHc2016 a2p. aThe Panama Papers brought the issue of illicit financial flows (IFF) to the heart of public and political debate. According to this report the Panama Papers constitute a massive leak of 11.5 million documents which are related to the law firm Mossack Fonseca based in Panama.The docu-ments reveal how the Panamanian law firm Mossack Fonseca facilitated the creation of about 214.000 anonymous shelf companies. The volume of the Panama Papers exceeds the combined total of the Wikileaks Cablegate, Offshore Leaks, Lux Leaks, and Swiss Leaks, and has important implications for development cooperation. A holistic approach is needed to address the various dimensions of IFF. aOffshore, Illicit Wealth, Tax Evasion and Avoidance, Corruption, Money Laundering, Terrorism uiffoadatabase.trustafrica.org/iff/giz2016-en-newsletter-article-panama-papers.pdf cNA c717d717