Panama Papers – How Has Guernsey Responded?

In early 2016 several million client-related documents were stolen from a Panamanian law firm.  The documents were subsequently passed to the International Consortium of Investigative Journalists who proceeded to publicise the theft and to selectively release small elements of the stolen material (seemingly on the basis of what it judged to be the most salacious and embarrassing of the material).  The popular press reported these events widely – aware of the popularity of any story which conflates money, the powerful and/or famous, and the offshore world.  The usual and expected public outrage was generated.  This became widely known as the Panama Papers. 

With the greater part of a year having now passed, it is perhaps timely to consider how Guernsey has responded.