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The Panama Papers are a massive leak of over 11 million files that total over 2 TB of data from the Panamanian law firm Mossack Fonseca, which specializes in creating shell companies where wealthy individuals can secretly hold and control financial assets.  

SEE ALSO:Luxury Panama Papers now available for any world leader with green to burn

So how did the largest data leak in history happen, and why does it matter?

Check out the video above for everything you need to know about the Panama Papers, all in less than two minutes.   

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