International Consortium of Investigative Journalists

International network of investigative reporters / From Wikipedia, the free encyclopedia

Dear Wikiwand AI, let's keep it short, summarize this topic like I'm... Ten years old or a College student

The International Consortium of Investigative Journalists, Inc. (ICIJ), is an independent global network of 280 investigative journalists and over 140 media organizations spanning more than 100 countries.[2] It is based in Washington, D.C. with personnel in Australia, France, Spain, Hungary, Serbia, Belgium and Ireland.[3]

Quick facts: Abbreviation, Formation, Location, Director, ...
International Consortium of Investigative Journalists
Formation1997; 26 years ago (1997)
Gerard Ryle
Rhona Murphy (chair), Alexander Papachristou, Alejandra Xanic von Bertrab Wilhelm, Tom Steinberg, Dapo Olorunyomi, Birgit Rieck, Tony Norman
Revenue (2020)

The ICIJ was launched in 1997 by American journalist Charles Lewis as an initiative of the Center for Public Integrity,[4] with the aim of exposing international crime and corruption. In 2017, it became a fully independent organization and was later granted 501(c)(3) nonprofit status.

The Panama Papers were the result of a collaboration with the German newspaper Süddeutsche Zeitung and more than 100 other media partners,[5] with journalists spending a year sifting through 11.5 million leaked files from the Panama-based law firm Mossack Fonseca. It culminated in a partial release on 3 April 2016, garnering global media attention.[6][7] The set of confidential financial and legal documents included detailed information on more than 14,000 clients and more than 214,000 offshore entities, revealing the identities of shareholders and directors including noted personalities and heads of state[8]— government officials, close relatives and associates of various heads of government of more than 40 other countries.[9][8][10] Süddeutsche Zeitung first received the released data from an anonymous source in 2015.[8] After working on the Mossack Fonseca documents for a year, ICIJ director Gerard Ryle described how the offshore firm had "helped companies and individuals with tax havens, including those that have been sanctioned by the U.S. and UK for dealing with Syrian President Bashar al-Assad."[11]

The ICIJ helped bring about the Corporate Transparency Act in the United States.[12] The Enablers Act, included in the annual defense bill, was first proposed shortly after ICIJ's Pandora Papers investigation exposed widespread exploitation of lax financial disclosure rules in the U.S.[13]

Governments have recovered more than US$1.36 billion in taxes as a result of the Panama Papers project alone,[14] and some continue to collect lost tax revenue.[15]