Skip to content
openDemocracy
Subscribe

Dirty money in Panama

Panama has long played a central role in money laundering in Latin America. Despite some progress, the country’s laws continue to make it an attractive destination to conceal revenue from illegal activities. Español

By Victoria Dittmar
Published:
Share
image-from-the-411-on-anti-money-laundering-1-1403471329_0.jpg
image-from-the-411-on-anti-money-laundering-1-1403471329_0.jpg

Source: Global Finance Magazine, All Rights Reserved.

Article previously published by InsightCrime and available here.

A recent report based on the results of an investigation conducted by the Latin America Financial Action Task Force (GAFILAT) in Panama in May 2017, during which investigators evaluated the current status of money laundering and terrorist financing in the country, concludes that Panama is more vulnerable to foreign illicit revenue streams than domestic ones.

This article is published under a Creative Commons Attribution-NonCommercial 4.0 International licence. If you have any queries about republishing please contact us. Please check individual images for licensing details.

Creative Commons Attribution-NonCommercial 4.0