27 people are on trial in Panama in the “Panama Papers” scandal which revealed in 2016 that personalities from around the world were practicing tax evasion and money laundering. Among those on trial are the firm's founders, Jürgen Mossack and Ramon Fonseca Mora.
In Panama, the crime of tax evasion has only been punishable since 2019 and for amounts exceeding $300,000 per year. However, Panama is still on the blacklist of tax havens established by the European Union and certain provisions of Panama's anti-money laundering legislation were not yet in place when the affair broke out.