David Schwimmer has joined the cast of drama film 'The Laundromat' about the Panama Papers scandal.

David Schwimmer,

David Schwimmer,

Netflix has confirmed it will finance and release the movie, which follows the story of German journalists Frederik Obermaier and Bastian Obermayer who broke the news of the leaked documents which exposed the personal details of more than 214,488 offshore entities and penned the book 'Panama Papers: Breaking the Story of How the World's Rich and Powerful Hide Their Money'.

The film will be directed by Steven Soderbergh and former 'Friends' star Schwimmer, 51, who will portray Matthew Quirk, a lawyer representing a large insurance company who land themselves in hot water after an excursion, goes wrong and leaves 20 elderly passengers dead.

However, once he looks into the company he finds it is just a P.O. Box in Nevis, and this incident triggers lawyers, government officials and more to track down other shell companies.

This chain of events leads officials to Panama-based law firm Mossack Fonseca, who created hundreds of thousands of fake companies to help the wealthy avoid paying taxes.

The film has been penned by Scott Z. Burns, while Burns, Lawrence Grey, Soderbergh, Michael Sugar, Gregory Jacobs, and Topic Studios are producing.

The cast also includes Oscar-winning actor Gary Oldman, 60, Antonio Banderas, 58, and 69-year-old Hollywood legend Meryl Streep.

Earlier this year, Meryl picked up her 21st Oscar nomination for her role in Steven Spielberg's drama 'The Post' - which followed the struggle her character, Kay Graham, faced while deciding whether to publish sensitive information from the Pentagon Papers.

She has previously spoken out about the importance of a free press in America, saying: "Our nation turns its lonely eyes to you. You are the fourth estate; you are our first line of defence against tyranny and state-sanctioned news."