IN BRIEF: Panama plans to make money laundering sanctions public

By
Monday, October 17, 2016

Panama's anti-money laundering commission has requested that the local banking and insurance regulators and cooperative institute Ipacoop begin to make public the sanctions they issue against banks and companies that violate money laundering rules.

The country's securities regulator is already doing this as a way for violators to also pay a moral price, according to local paper Panamá América. The commission's request is part of the government's efforts to make the financial system more transparent.

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