International Bar Association: The Panama Papers are a tipping point for reform

The record leak of 11.5 million documents sheds unprecedented light on the workings of the world’s financial centres. Public and political opinions have shifted markedly and the clamour to end years of obstructive secrecy are now more unequivocal than ever before.

At the Paris IBA Anti-Corruption Conference on 15- 16 June 2016, IBA president David Rivkin noted that lawyers play a vital role in investigating, prosecuting and bringing to justice those who are engaged in corruption. ‘They are an essential part of the battle against corruption,’ he said. The IBA has undertaken considerable work in the areas of anti-corruption, combatting money laundering and, last year, launched a Judicial Integrity Initiative aimed at eliminating judicial corruption.