Panama under money laundering microscope

689Views 0Comments Posted 15/05/2017

UNDER  the shadow of over 40 corruption  and money laundering investigations involving scores of high ranking  officials of the previous administration along with family members and business associates, President Juan Carlos Varela sat down on Monday, May 15  to head the fourth mutual evaluation by the International Financial Action Task Force (FATF).

Varela was  joined by  Vice-President Isabel De Saint Malo de Alvarado whose brother was interrogated last week for his alleged  links to the Odebrecht construction company   bribery and money laundering scandal.

The group will measure the effectiveness of the implementation of the regulatory framework to prevent money laundering.

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