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Not Again! Panama Blacklisted By U.S. for Money Laundering

Article Summary:

The U.S. Department of State put forth during their presentation at the Strategy for International Narcotics Control a statement that Panama falls into the list of countries with excessive money laundering operations.

Original Article Text From Panama America Digital via Google Translate :

Panama, Blacklisted For Money Laundering

A Department of State, stated during the presentation of the strategy for international narcotics control corresponding to 2012, revealed that Panama is in the list of countries with higher money laundering.

The document defines a country with money laundering as “One whose financial institutions engage in currency transactions involving significant amounts of proceeds of international narcotics trafficking.” Also on the list are Argentina, Curacao, Mexico, among others.

Link to Original Article:

From Panama America Digital

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