What is the Cyprus Confidential investigation led by the International Consortium of Investigative Journalists (ICIJ)?
The Cyprus Confidential investigation, a collaboration between ICIJ and Paper Trail Media, is a global initiative based on over 3.6 million leaked documents from various Cypriot companies involved in financial and offshore services. It exposes how these firms facilitated Russian oligarchs and billionaires in concealing their wealth, particularly from financial sanctions.
How did ICIJ conduct the analysis for Cyprus Confidential?
ICIJ’s data and research unit meticulously analyzed millions of documents, including company structure charts, bank account applications, tax declarations, and email exchanges. The investigation involved a coalition of 69 international media partners in 54 countries and spanned eight months. The leaked records were obtained from multiple Cypriot firms.
What is the scope of the leaked records in terms of revealing offshore holdings and connections to sanctioned individuals?
The leaked records unveiled nearly 800 companies and trusts registered in secrecy jurisdictions, with over 650 in …