Panama Leak Reports World Leaders' Hidden Billions

The transcript discusses a massive data leak involving 11.5 million records from a major offshore law firm, implicating global leaders and politicians. The leak, distinct from WikiLeaks, is sourced from reputable journalists and highlights legal and ethical issues surrounding tax havens and shell companies. The security breach poses significant challenges for law firms and banks, with potential for numerous embarrassing stories to emerge.

What is the estimated number of documents involved in the Panama Papers leak?

• 5 million

• 20 million

• 11 million

• 2 million

Which of the following is NOT mentioned as a country involved in the Panama Papers?

• France

• Brazil

• India

• China

How is the Panama Papers leak different from WikiLeaks according to the transcript?

• It has fewer documents

• It involves more countries

• It focuses on environmental issues

• It is from a more reputable source

What is one legal use of offshore accounts mentioned in the transcript?

• Money laundering

• Tax evasion

• Estate planning

• Bribery

What is predicted to emerge from the Panama Papers leak?

• Increased offshore investments

• Embarrassing stories for officials

• New tax laws

• A decline in global trade