Barely a month following the Panama Papers leak, the group of international journalists who linked some of the world's most powerful people to sheltering wealth abroad have released a sequel.
On Monday, the International Consortium of Investigative Journalists (ICIJ) published details on over 200,000 offshore entities in a searchable database on its website.
The data were part of the initial 11.5 million files from Panamanian law firm Mossack Fonseca that an anonymous leaker sent to German newspaper Süeddeutsche Zeitung over a year ago. At the time, Süeddeutsche Zeitung asked the ICIJ to organize a global reporting collaboration to analyze the files, resulting in the first batch of revelations published in early April.
Free to read, Monday's publication outlines basic information about companies, trusts and foundations set up in 21 jurisdictions, including Hong Kong, Singapore, New Zealand and the U.S. state of Nevada. The ICIJ said it was careful not to disclose any private information, such as bank accounts, email exchanges or financial transactions.
Speaking to CNBC's 'The Rundown' following the publication, ICIJ senior editor Michael Hudson explained the group's intentions.
"We feel it's important to have transparency, this is like a corporate registry. If you are going to operate around the world, people should know who the owners, directors, powers of attorney are, essentially who is behind these companies."
Monday's release, which the ICIJ calls the world's largest release of information about offshore companies and the people behind them, is part of the group's ongoing investigation to shed light on the extent at which individuals are creating secret corporate entities, i.e. shell companies, that critics say facilitate money laundering and tax evasion.
But it's not just shell firms in question; Hudson also shined the spotlight on trusts.