Case Study

Closing the loopholes

An analysis of the infamous Panama Papers

Project: The Panama Papers Analysis

When it comes to data leaks there is no incident more infamous in recent times than The Panama Papers. Even larger than the WikiLeaks events of 2010, The Panama Papers provide enormous amounts of data and information regarding the laundering of money, as well as an extensive list of crimes.

What are the Panama Papers?  The Panama Papers consisted of more than 11.5 million leaked documents from the database of the 4th largest offshore law firm, Mossack Fonseca. The large data breach highlights how national leaders from around the world avoided tax with offshore bank accounts.

The Panama Papers

Flow through this synopsis of the famous scandal of leaked files that exposed the tax havens and financial manipulations of the wealthy – created with Arcade. Scroll down to read the full description.

Find out what's hiding in your data

With Arcade, understanding your complex data is simple. Our tools make visualizing and reporting something everyone can – and should – do. Seeing your data clearly will alert you early to negative trends and irregularities.

The entire case study

FINDING THE LOOPHOLES

Data Visualization and Breaking Down Fraud

With so many spinning cogs in the turbulent scandal, it can be hard to keep all the data straight. From names, connections, businesses, locations, and more, there is an incredible amount of data to unpack, dating all the way back to 1977.

Below we will flow through this synopsis of the famous scandal of leaked files that exposed the tax havens and financial manipulations of the wealthy – created with Arcade.

Creating the Transfer of Wealth

Arcade Analytics Panama papers dashboard

So, how does one hide billions of dollars without being caught? Well, it all starts with the right connections and circle of trust.

What makes the leak within Mosack Fonseca so unique, is that majority of money found came from business fronts. Places that actually were used as money pit and hideaways. In the above images, we break down how multiple people, companies and resources are tied to these companies created to avoid taxes.

Unlike other institutions, The Panama Papers revealed that often times it was not a singular leader or person involved in the tax fraud, but rather a circle of people entrusted to control it. With so many relationships and pathways between the many groups, data visualization helps see the enormous amounts of data in clear, concise ways.

Placed out before you, it becomes easier to see the groups of people involved, the companies created to protect them, and the relationships they had to the law firm as well as banks.

With so many different connections, Arcade used simple to use line relationships, offering the ability to “hide” certain parts of the enormous amount of data, in order to lighten the amount of data coming through.

The Result?

With so much data, it is easy to lose sight of important details and key players. By using data visualization journalists, analysts, and law enforcement are able to combine modern day technology with human intuition and understanding. When you’re able to map out and visually see the relationships before you, you are able to create more informed decisions and choices.