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Three banks in Panama hit for money laundering flaws

Thursday, September 14, 2017


The state-owned National Bank is one of three banks in Panama that have been sanctioned for laxity in applying standards  to prevent money laundering.

The banking regulator  has also imposed fines  on Multibank  and Banvivienda “for failure to comply with the standards for the prevention of money laundering capital and for violations of the banking regime.”

Source: Newsroom Panama