The prime minister of Iceland has resigned – the first major casualty of the Panama Papers leaks which have shed an embarrassing spotlight on the world of offshore finance.
The leaks, from Panama law firm Mossack Fonseca, showed Prime Minister Sigmundur Gunnlaugsson owned an offshore company, Wintris, with his wife.
He was accused of concealing millions of dollars worth of family assets, according to a report by BBC News.
Mr Gunnlaugsson had earlier called on the President Olafur Ragnar Grimsson to dissolve parliament, but that was refused.
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