It’s a massive leak of documents from a Panamanian law firm outlining the many ways that world leaders and other major figures have hidden assets in overseas accounts.
One national leader has already lost his job over the matter and even Britain’s David Cameron has family ties to the reports.
It is definitely worth noting that Cayman has not come up in any of the early reporting about the millions of documents but that doesn’t mean we won’t feel the impact as the reputation of offshore investing takes yet another hit.
Financial Services Minister Hon. Wayne Panton joins Tammi Sulliman to discuss.