Jessica Durando

USA TODAY

International fallout continues following Sunday's release of the Panama Papers, a massive leak of documents from a Panama law firm that helped political leaders, wealthy individuals and companies hide financial assets and dealings. Here are the latest developments.

Reports: U.K. prime minister says he profited from late dad's offshore fund.

British Prime Minister David Cameron admitted Thursday that he profited from his late father's offshore investment revealed in the Panama Papers leak, according to British newspapers.

Iceland's minister of fisheries and agriculture says he's new prime minister.

Sigurdur Ingi Jóhannsson said the president approved a proposal that deems him Iceland's new prime minister.

The news comes two days after Iceland Prime Minister Sigmundur David Gunnlaugsson, 41, stepped aside amid pressure over his offshore investments disclosed in the Panama Papers.

Jóhannsson, 53, who is also vice chairman of Gunnlaugsson's Progressive Party, said receiving President Olafur Ragnar Grimsson’s backing “is a good thing” that will allow the governing coalition to stay intact. the Associated Press reported.

After Sunday's explosive Panama Papers leak became public, protests erupted outside parliament in Reykjavik, demanding Gunnlaugsson resign. He had been prime minister since 2013.

The documents revealed that Gunnlaugsson and his wife held about $4 million in bonds in three major Icelandic banks through a hidden British Virgin Islands shell company. That posed a conflict of interest for him because Gunnlaugsson had negotiated a deal for Iceland's bankrupt banks at a time when he was a claimant in those banks.

Russian president denies any links to offshore accounts, again.

Vladimir Putin denied any ties to offshore investments Thursday. He said the Panama Papers leak was "part of a U.S.-led plot to weaken Russia," the Associated Press reported.

"They are trying to destabilize us from within in order to make us more compliant," Putin said.

The White House flatly rejected Putin's assertion that the Panama Papers were part of a U.S. plot.

"I can only speak for my president," Deputy White House Press Secretary Eric Schultz told reporters aboard Air Force One Thursday. "When the president speaks on highly charged topics, it's always grounded in facts."

Dmitry Peskov, Putin's spokesman, told the Russian news agency Interfax on Monday that it was "obvious" the aim of the release of millions of documents was to undermine the president ahead of parliamentary elections expected in September. Peskov said Putin had not committed any crime.

Putin's name does not appear on any of the records published Sunday by an investigation with dozens of media groups. The paper trail does show that many of his associates and close friends — including musician Sergei Roldugin, godfather to his daughter Maria and the man who introduced him to his wife Lyudmilla — made millions from deals that would have been hard to do without his knowledge.

Austrian bank CEO resigns

Michael Grahammer, the chief executive officer of lender Hypo Landesbank Vorarlberg, stepped down after the financial institution was mentioned in the Panama Papers. On Thursday, the bank said that Grahammer "surprisingly declared his resignation last night," the AP reported.

Panama Papers furor claims first bank CEO victim

At least 20 offshore companies had accounts with the bank, according to Austrian broadcaster ORF.

Few prominent Americans found in leak.

Sueddeutsche Zeitung said the files revealed copies of 200 American passports and 3,500 shareholders in offshore companies. It made the disclosures responding to questions by its readers as to why more American names were not appearing.

“One possible reason why comparatively few Americans appear in the documents could be that U.S. citizens have no reason to contact a law firm in Panama,” the Munich-based media group said. “That’s because offshore companies can easily be created in U.S. states such as Wyoming, Delaware or Nevada.”

Some Americans have been identified including Benjamin Wey, a Wall Street banker;Igor Olenicoff, a real-estate tycoon; and Jonathan Kaplan, an ex-Massachusetts-based executive. More than 1,000 firms identified by USA TODAY as being created by law firm Mossack Fonseca in the U.S. are based in Wyoming and Nevada.

Panama Papers: Few prominent American names found

Names of prominent Chinese political families released.

A favorite financial maneuvering tool for the Chinese elites is establishing shell companies abroad to store and move capital, says a new story, published Wednesday by the International Consortium of Investigative Journalists that obtained the documents.

Those named in the story as clients include: Deng Jiagui, a brother-in-law of President Xi Jinping; Li Xiaolin, the daughter of former Premier Li Peng; Jasmine Li Zidan, the granddaughter of Jia Qinglin, who served as a member of the Politburo Standing Committee; relatives of at least six other men who served on the Standing Committee, and the grandson-in-law of the late Chairman Mao Zedong.

Panama Papers reveal details on Chinese offshore dealings

Panama president wants to boost transparency in offshore financial industry.

The government is creating a committee to recommend ways to increase transparency in Panama's offshore industry, the AP reported.

President Juan Carlos Varela said Wednesday that the committee's findings will be shared with other countries "so joint action can be taken to boost transparency in legal and financial centers worldwide."

Contributing: Gregory Korte, Kim Hjelmgaard, Roger Yu