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UPDATE: 'Panama Papers' Fallout Leads to Iceland PM's Resignation

Leak UPDATE, April 5: Iceland Prime Minister Sigmundur David Gunnlaugsson resigned today, according to the New York Times, after he was one of a multitude of current and former world leaders who allegedly used a network of shell companies connected to one Panamanian law firm to hide their assets around the globe. 
The scandal is a result of a massive data leak consisting of more than 11.5 million documents, involving more than 200,000 companies and more than 14,153 clients of Mossack Foneca, a Panamanian law firm, according to Suddeutsche Zeitung, via the Times.
Gunnlaugsson wasn't the only Western nation leader to be snared in the Panama Papers' fallout, according to the Times--Britain Prime Minister David Cameron was scrambling to contain leaked data that shows British-governed territories are also friendly havens for  hidden wealth, including for his family. Bloomberg Vox The Guardian CNBC