The public release of the „Panama Papers“ this week by Süddeutsche Zeitung and others uncovers many names of people who tried to stay anonymous by founding offshore companies to manage part of their incomes. Despite the apparent legality of most of the procedures, one may ask why these people put so much effort into a rather complex management of financial flows. Whatever way we look at it, the so-called Panama papers make a good case to think about the existing techniques, rules and morals of anonymity, and about the question whether some of these modes are more acceptable than others.