Papers (Spanish: Papeles) is a 2025 thriller drama film co-written, co-produced, co-edited and directed by Arturo Montenegro, based on the 2016 Panama Papers scandal leak document. An international co-production between Panama, Uruguay and Spain, the film stars Megan Montaner, with Carlos Bardem, Antonio Dechent, Gustavo Bassani, Jaime Newbal, Nick Romano, AgustÃÂn Della Corte and Verónica Ortiz.
Caught in the global scandal of the Panama Papers, Ana Méndez, legal director of the law firm Shubbert & Fassano, faces an unprecedented media attack against the country and the firm where she works. Accused of money laundering, she is pursued by prosecutor Roberto RamÃÂrez and Interpol, so Ana escapes to the jungle to avoid imprisonment. There, loneliness and the absence of her three children and her husband, Eric, cause irreparable damage.
Principal photography began on January 15, 2023, and wrapped in late March of the same year. Filming took place on location in Panama, Uruguay, and Spain.
It premiered on April 10, 2025, in Panamanian theaters. It is scheduled to be released theatrically in Spain by #ConUnPack on December 5, 2025.