On 5 April 2016, French Finance Minister Michel Sapin announced that Panama will be put back on the blacklist of uncooperative states or territories. The announcement follows the recent leak of the so-called "Panama Papers". The papers include over 11.5 million documents from Panamanian law firm Mossack Fonseca that detail offshore entities and structures used by thousands of individuals around the world.
Panama had been removed from the blacklist in 2012 after entering into an income tax t…