April 2016: The Panama Papers Stun the World of Finance

Updated August 5, 2020 | Infoplease Staff

U.S. News | Disasters & Science News

Here's a slideshow depicting the major world news events of April 2016.


The Panama Papers Stun the World of Finance
Panama Deputy Foreign Minister Luis Hincapie
On April 3, the world first heard a new term, "Panama Papers," referring to millions of confidential documents that were leaked from a Panama-based law firm, Mossack Fonseca. The Panama Papers reveal details of how some of the globe's richest people funnel their assets into secretive shell companies set up in lightly regulated jurisdictions. Here, Panama's Deputy Foreign Minister Luis Hincapie announces that President Juan Carlos Varela will meet with various foreign ambassadors and will address the nation later in the day in Panama City, Wednesday, April 6, 2016.
Photo source: AP Photo/Arnulfo Franco
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