The leak of 11.5 million documents from a Panamanian law firm has revealed a vast, deeply rooted infrastructure for hiding money and has caused embarrassment around the world. The Prime Minister of Iceland has resigned. Vladimir Putin has gone on television to deny that his assets are hidden in a shell company owned by a friend. The president of China has demanded censorship of reporting on the “Panama Papers.”
Sarah Chayes spoke to To the Point’s Warren Olney about how U.S. law and companies help foster such corrupt practices. She further explained how kleptocratic governments fuel insecurity from Afghanistan to Nigeria.