The fallout from the massive Panama Papers leak has mostly been overseas, where Iceland Prime Minister Sigmundur David Gunnlaugsson has resigned and Britain's Prime Minister David Cameron is facing tough questions over his father's use of offshore shell companies. But US authorities are still keeping a close eye on developments: The leak has exposed hundreds of American citizens, and thousands of US companies, with ties to law firm Mossack Fonseca's offshore network. More:
- It is difficult to tell exactly how many Americans are involved, but the leaked data includes at least 200 scanned US passports, McClatchy reports. Many of them appear to be American retirees using shell companies to buy property in Costa Rica and Panama. The data is also believed to include many American dual nationals using their foreign passports for financial dealings.