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Welcome back!

It hasn’t even been three months since we first began publishing the Pandora Papers, but a lot has happened since.

Fallout from ICIJ’s largest ever investigation has come fast and furious. From stirring protests, to costly political scandals, to government action, the revelations have also sparked attempts to discredit the reporting by the rich and powerful around the globe.

ICIJ’s Michael Hudson and Will Fitzgibbon recap key headlines and developments from the weeks that have followed the mammoth leak, as well as the wide range of tax probes and commitments to reform that we’ll be keeping an eye on in 2022.

One of the major things that sets the Pandora Papers apart from other large offshore leaks is how the investigation has exposed secrecy jurisdictions in the United States and the country’s rise as a hub of offshore money.

After blowing the lid on South Dakota’s trust industry, we’ve again teamed up with the Washington Post to delve into Wyoming’s discrete financial sector. The Pandora Papers reveals how global elites have abandoned longstanding offshore centers for secrecy tools offered exclusively in the U.S. state.

Chief among them is the “cowboy cocktail,” a coveted financial arrangement that’s allowed wealthy people from around the world to move their money into the least populated state in America and spend it with a level of anonymity found in few other places. The investigation also takes a look at how becoming a thriving international tax haven hasn’t exactly paid off as planned for the state’s tax revenue.

You can also catch up on the big takeaways of Pandora Papers from ICIJ staffers, who shared behind-the-scenes details and break down key findings of the investigation in our latest episode of the Meet the Investigators podcast.

Pandora Papers would be nothing without our 600 journalism partners who published groundbreaking journalism in countries around the world. Here’s reporting highlights from Europe, Eastern Europe and Latin America.

It’s been a particularly challenging year for our journalism colleagues in Latin America. ICIJ’s Brenda Medina spoke to our partners from the region about how they’ve endured surveillance, raids, smear campaigns, and new laws targeting their independence and continued to publish hard-hitting investigations.

We’ll be taking some time off from the newsletter and wish you all a safe and happy end to 2021! Thank you for sticking with us through such an impactful year.

We’ve got a lot cooking for 2022 and there’s still time to make an end-of-year donation. All gifts are currently being MATCHED, so if you give now, your contribution will go twice as far in supporting journalists who do this work around the world.

Thanks for reading!

Asraa Mustufa

ICIJ's digital editor

P.S. If you've enjoyed our coverage this week, remember to tell your friends and family and share our work on social media. Send them an email now!

Progress Residential
How a billion dollar housing bet upended a Tennessee neighborhood
Europol Pandora Papers report warns of ‘parallel underground system’ exploited by criminals
Mossack Fonseca
Panama says it doesn’t deserve to be considered an offshore tax haven. Here’s what experts say.
US sanctions Angolan billionaire Isabel dos Santos for corruption
UK must radically reform to cease being haven for kleptocrats, report says
Biden calls for sweeping new push to expose and punish financial corruption
How polluted profits move offshore
Guillermo Lasso
Ecuador president survives removal effort following Pandora Papers revelations
Offshore Leaks Database
ICIJ releases new Pandora Papers data from two offshore service providers
Massive Seychelles money-laundering probe fails to lift Pandora Papers’ pall
Pandora Papers reveal Emirati royal families’ role in secret money flows
UAE a go-to offshore haven for Africa’s political and business elite, leaked records show
real estate
Secret real estate purchases are a driving force behind the offshore economy
real estate interactive
Real estate interactive: The Land Lords
From temples to trusts, a hunt for Cambodia’s looted heritage leads to top museums
Baker McKenzie
How America’s biggest law firm drives global wealth into tax havens
Offshore havens and hidden riches of world leaders exposed in unprecedented leak
Power Players
Pandora Papers: Power Players


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