Meanwhile, Panama prosecutors have initiated criminal probe against alleged tax evasion and money laundering events contained in the leaked documents. The investigations from state prosecutor's office will cover prominent politicians, celebrities and sportspeople whom the documents have accused for tax dodging, according to a report published in Sky News.

French prosecutors have also announced on Monday that they were opening a preliminary investigation for aggravated tax fraud. The tax evasion information revealed through the leaked documents is likely to concern French taxpayers, cites a statement from the Prosecutor's office. French President, François Hollande, has also vowed for legal proceedings following scrutiny of the documents, reports France 24.

A spokesperson from the US Department of Justice informs probing evidence of corruption and other violations of US law. Despite lack of transparency existing in many of the leaked transactions, the US experts will be able to find out violations of sanctions and laws, predicts a White House spokesperson.

Germany has also listed its name in the list probing the 'Panama Papers' leak. Bafin, the German central bank has been assigned to investigate possible wrongdoings. A finance ministry official has confirmed the investigation.

Australia, Austria, Sweden and the Netherlands have also initiated investigation on the basis of 11.5 million leaked documents. Banks are also in the limelight since they have allegedly aided their clients in hiding wealth offshore.