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Nobel laureate demands sanctions for bank secrecy

Thursday, November 17, 2016


Coercive sanctions must be imposed if a sovereign country contaminates the global economic atmosphere because it is a sanctuary of bank secrecy, says, Nobel laureate Joseph Stiglitz. He was addressing the European Parliament’s commission of inquiry.

The commission seeks to pinpoint areas of money laundering and tax evasion, based on the revelations of the 11 million documents of the Panamana law firm Mossack Fonseca.

Source: Newsroom Panama