Huge new leak exposes offshore secrets of ultra-rich

From 19 tax havens

clock • 2 min read

Multinational businesses and high-net-worth individuals including politicians and celebrities are set for an uncomfortable week as another huge leak of confidential files relating to offshore financial affairs hits the news.

Second only in size to last year's so-called Panama Papers leak last year, what have been dubbed the Paradise Papers' - which come from two offshore service providers and the company registries of 19 of the world's tax havens - was again obtained by German newspaper Süddeutsche Zeitung. It has been shared by the International Consortium of Investigative Journalists, whose partners include the BBC and the Guardian. According to the Guardian: "The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive - and the complex and seemingly artif...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read