The release of the Panama Papers brought to light a list of people who had placed large sums of money into offshore bank accounts. Although many of these accounts are legal, the international firm Mossack Fonseca apparently did more than set up these accounts, offering a guide on how to skirt US tax and disclosure laws. Although the Treasury allows US citizens to send money overseas, this money must be declared to the department. Mossack Fonseca has claimed it has done nothing illegal and that it is the victim of a hacking attack.
-William Dawes
http://www.nytimes.com/2016/06/06/us/panama-papers.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
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