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

In Accord launches advice firm client investment 'badge' initiative

In Accord launches advice firm client investment 'badge' initiative

To demonstrate commitment to understanding client needs

Laura Purkess
clock 17 February 2026 • 2 min read
Feel Good Friday: Quilter pledges £3m towards financial education

Feel Good Friday: Quilter pledges £3m towards financial education

Alongside £1m in grants supporting charities

Professional Adviser
clock 13 February 2026 • 1 min read
Brits unlikely to see IFAs despite Budget impact

Brits unlikely to see IFAs despite Budget impact

Just 19% were likely to seek advice, Continuum finds

Isabel Baxter
clock 12 February 2026 • 3 min read