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Panama needs new anti-graft laws, panel says

Wednesday, November 23, 2016


Panama can remain a competitive financial center while cracking down on tax evaders and other criminals who have used the country to launder money, according to the panel formed by the government after the "Panama Papers" scandal broke in April.

The five-member "Committee of Independent Experts" said the country needs to get in line with United Nations transparency standards.

Source: Reuters