Alemán, Cordero, Galindo & Lee

The firm has offices in several countries aside from Panama, including in tax havens such as The Bahamas, Belize, the British Virgin Islands, Cyprus, Hong Kong, Singapore, the Seychelles, and Switzerland.

In 2015, when United States authorities accused the managers of the Andorran bank of accepting exorbitant commissions to help customers launder $4.2 billion, Alcogal withdrew.

[5] Alcogal has also worked in the past with companies and individuals involved in large corruption networks, including the global bribery operation of Brazilian construction giant Odebrecht SA (now known as Novonor).

[3] According to the ICIJ, Alcogal also set up two companies for Juan Carlos Varela (former president of Panama, suspected by the press of having financed his election with money laundering funds, as well as for his brother, father and other relatives).

Jordan's King Abdullah, Czech Prime Minister Andrej Babis and Kenya's President Uhuru Kenyatta have also used the company's services, likely for tax shelter purposes.