Twenty-two people are under investigation for suspected tax evasion following an examination of the Panama Papers by a UK Government taskforce, Philip Hammond has said.

Organised crime prosecutors raided the offices of the Mossack Fonseca law firm looking for evidence of money laundering and financing terrorism following a leak of documents about tax havens it set up for wealthy international clients.

Police raided UEFA headquarters today after its former secretary general and now FIFA president Gianni Infantino became embroiled in the Panama Papers affair.

In what is claimed to be the biggest leak of financial information in history alleges a number of world leaders and celebrities are implicated in hiding wealth in offshore accounts.