| A burgeoning trust industry in South Dakota and other U.S. states is increasingly sheltering the assets of international millionaires and billionaires — some linked to money laundering, corruption and worker exploitation — by promising levels of concealment that rival or surpass those offered in overseas tax havens.
An investigation by The Washington Post and the International Consortium of Investigative Journalists examined the Pandora Papers, a cache of more than 11.9 million records maintained by offshore financial firms. | 
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