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Posted by Maria Arias on May 23, 2016
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The UN (United Nations) rejected the recent inclusion of Panama in the French list of tax havens and acknowledged the country’s progress in the fight against money laundering. “In the heat of what is being done in Panama, Panama should get out of these lists,” said the regional representative for Central America and the Caribbean of the Office of the United Nations Office on Drugs and Crime (UNODC), Amado Philip de Andrés.

After the publication of the “Panama Papers”, France decided to include the country in its list of tax havens, which had come out in 2011.

“Do not forget that Panama’s financial system is very similar to many European jurisdictions,” De Andrés said. The regional representative of UNODC also said that Panama is a country prepared to fight laundering and has an anti-money laundering law that the government approved in April 2014. The Law 23, known as anti-money laundering law, has the mission to monitor economic activities traditionally used to whiten such as casinos, jewelers, betting, and notaries.

The Government has also recently amended the regulation of corporations and last year, through the adoption of Law 18, banned bearer shares. “Panama is uniquely positioned so that in a few years may have more than 200,000 million dollars of capitalization and are clean money,” said De Andrés.