The vast majority of the transactions involve no legal wrongdoing.
Other key stories released on Sunday were:
- A key aide of Canada's PM has been linked to offshore schemes that may have cost the nation millions of dollars in taxes, threatening to embarrass Justin Trudeau, who has campaigned to shut tax havens. Read the full story here
- Lord Ashcroft, a former Conservative party deputy chairman and a significant donor, may have ignored rules around how his offshore investments were managed. Read the full story here Other papers suggest he retained his non-dom status while in the House of Lords, despite reports he had become a permanent tax resident in the UK. Read the full story here
- How questions were raised about the funding of a major shareholding in Everton FC. Read the full story here
- An oligarch with close links to the Kremlin, Alisher Usmanov, may have secretly taken ownership of a company responsible for anti-money laundering checks on Russian cash. Read the full story here
The other media partners may be covering different stories affecting their regions.
How is the Queen involved?
The Paradise Papers show that about £10m ($13m) of the Queen's private money was invested offshore.
It was put into funds in the Cayman Islands and Bermuda by the Duchy of Lancaster, which provides the Queen with an income and handles investments for her £500m private estate.
There is nothing illegal in the investments and no suggestion that the Queen is avoiding tax, but questions may be asked about whether the monarch should be investing offshore.
There were small investments in the rent-to-buy retailer BrightHouse, which has been accused of exploiting the poor, and the Threshers chain of off-licences, which later went bust owing £17.5m in tax and costing almost 6,000 people their jobs.
The Duchy said it was not involved in decisions made by funds and there is no suggestion the Queen had any knowledge of the specific investments made on her behalf.
The Duchy has in the past said it gives "ongoing consideration regarding any of its acts or omissions that could adversely impact the reputation" of the Queen, who it says takes "a keen interest" in the estate.
The BBC's royal correspondent Nicholas Witchell says it is extraordinary and puzzling that the Queen's advisers could have felt that it was appropriate - for somebody whose reputation is based so much on setting a good example - to invest in these offshore funds.
Questions will now be being asked inside Buckingham Palace about how that decision was made, he added.
Read the full story here
Embarrassment for Ross and Trump?
Wilbur Ross helped stave off bankruptcy for Donald Trump in the 1990s and was later appointed commerce secretary in Mr Trump's administration.
The documents reveal Mr Ross has retained an interest in a shipping company which earns millions of dollars a year transporting oil and gas for a Russian energy firm whose shareholders include Vladimir Putin's son-in-law and two men subject to US sanctions.
It will again raise questions about the Russian connections of Donald Trump's team. His presidency has been dogged by allegations that Russians colluded to try to influence the outcome of last year's US election. He has called the allegations "fake news".
Democratic Senator Richard Blumenthal has called for an investigation, telling NBC News that Mr Ross had given Congress the impression he no longer held shares in the shipping company.
"Our committee was misled, the American people were misled by the concealment of those companies."
Read the full story here
Questions for the UK government
Opposition politicians have said the government must stop "dragging its feet"and curb the use of offshore tax havens, and Labour Shadow Chancellor John McDonnell has called for a public inquiry.
But at the CBI conference on Monday, Prime Minister Theresa May did not commit to a public inquiry. She also did not directly answer when asked whether she would insist on British overseas territories publishing a list of who owns companies and trusts registered in crown dependencies.
She said the UK government was working with its dependences "to ensure we're seeing greater transparency."
Where does the leak come from?
Most of the data comes from a company called Appleby, a Bermuda-founded legal services provider at the top end of the offshore industry, helping clients set up in overseas jurisdictions with low or zero tax rates.
Its documents, and others mainly from corporate registries in Caribbean jurisdictions, were obtained by Süddeutsche Zeitung. It has not revealed the source.
The media partners say the investigation is in the public interest because data leaks from the world of offshore have repeatedly exposed wrongdoing.
In response to the leaks, Appleby said it was "satisfied that there is no evidence of any wrongdoing, either on the part of ourselves or our clients", adding: "We do not tolerate illegal behaviour." Read the Appleby story here
What exactly is offshore finance?
Essentially it's about a place outside of your own nation's regulations to which companies or individuals can reroute money, assets or profits to take advantage of lower taxes.
These jurisdictions are known as tax havens to the layman, or the more stately offshore financial centres (OFCs) to the industry. They are generally stable, secretive and reliable, often small islands but not exclusively so, and can vary on how rigorously they carry out checks on wrongdoing.
The UK is a big player here, not simply because so many of its overseas territories and Crown dependencies are OFCs, but many of the lawyers, accountants and bankers working in the offshore industry are in the City of London.
It's also about the mega-rich. Brooke Harrington, author of Capital Without Borders: Wealth Managers and the One Percent, says offshore finance is not for the 1% but the .001%. Assets of around $500,000 (£380,000) would just not meet the offshore fees the schemes would need, she says.
Are we taming offshore?
What is the effect on us and should we care?
Well, it is a lot of cash. The Boston Consulting Group says $10tn is held offshore. That's about the equivalent of the gross domestic products of the UK, Japan and France - combined. It may also be a conservative estimate.
Labour MP Meg Hillier: “If offshore wasn’t secret then this stuff couldn’t happen”
Critics of offshore say it is mainly about secrecy - which opens the door to wrongdoing - and inequality. They also say the action of governments to curb it has often been slow and ineffective.
Brooke Harrington says if the rich are avoiding tax, the poor pick up the bill: "There's a minimal amount the governments need to function and they recoup what they lose from the rich and from corporations by taking it out of our hides."
Meg Hillier, UK Labour MP and chair of the Public Accounts Committee, told Panorama: "We need to see what's going offshore; if offshore was not secret then some of this stuff just couldn't happen... we need transparency and we need sunlight shone on this."
Your guide to a history of financial leaks
What is the defence of offshore?
The offshore financial centres say that if they did not exist, there would be no constraint on taxes governments might levy. They say they do not sit on hoards of cash, but act as agents that help pump money around the globe.