Panama Papers: 10 years on, the promises and the failures

A decade after the exposure of millions of records from Panamanian law firm Mossack Fonseca, anti-corruption experts evaluate the gap between political commitments and practical enforcement. Although the disclosures prompted strict scrutiny on Panama and prompted reforms in beneficial ownership transparency across various countries, implementation challenges remain widespread. Loopholes in corporate registration continue to facilitate illicit wealth concealment by political figures and international networks. The retrospective calls for renewed political will to hold financial gatekeepers accountable and eliminate regulatory blind spots.