Eleven million documents were leaked from one of the world's most secretive companies, Panama-based law firm Mossack Fonseca.
They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax.
The company says it has operated beyond reproach for 40 years and has never been charged with criminal wrong-doing.
The documents show links to 72 current or former heads of state in the data, including dictators accused of looting their own countries.
Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ), said the documents covered the day-to-day business at Mossack Fonseca over the past 40 years.
The documents have been passed to German newspaper Suddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists.
BBC reports that 107 media organisations in 78 countries are analysing the documents.
(Source : BBC News)