Comments
The government of Panama has established a committee of independent experts to make recommendations on cleaning up the country’s financial system, after leaks of documents from the Panamanian law firm Mossack Fonseca caused an international uproar over offshore accounts.
President Juan Carlos Varela has called for the review after the “Panama Papers” leak suggested rich foreigners were using the accounts to hide their wealth.
The advisory group includes Nobel economics laureate Joseph Stiglitz, former Panamanian President Nicolas Ardito Barletta, and former Panama Canal administrator Alberto Aleman Zubieta. The group is to present recommendations to Varela in six months.
Varela had said on Friday at the committee’s inauguration that “our administration is committed to bullet-proofing Panama” financial services sector “against threats from people and groups who want to use it for illegal activities’’.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.