Panama president says he is improving regulatory climate

Panama is open for business — but money launderers need not apply.

That was the message of Juan Carlos Varela, president of Panama, speaking at a party he hosted at the Four Seasons Hotel in New York, where he sipped on gourmet Panamanian coffee and feasted on his country’s rich cuisine.

Varela said he has been improving the regulatory climate since he assumed office three years ago.

Source: New York Post