Panamanian Gov’t Denies to US Risk of Money Laundering

The Minister of Economy and Finances Dulcidio De la Guardia told reporters he received an official communique of the U.S. Treasury Department or the State of New York, rejecting the remark.

In a document revealing a sanction of 180 million dollars to Taiwan’s Mega International Commercial Bank, for not complying with U.S. norms regarding capital laundering, the regulator referred to certain suspicious activities that involve a subsidiary of the Asian Bank in Panama.

NYDES affirmed the isthmus ‘has historically been recognized as a high-risk juruisdiction for money laundering, and only this year was announced that Panama was not object to a monitoring process by the Group of Financial Activity (GAFI)’.

De la Guardia explained that ‘opening a bank account in this account is very complicated, a great deal of information is requested. But it is easy to hit a fallen tree. That is what is happening’, lamented the official.

‘If

... read more at: http://www.plenglish.com/index.php?o=rn&id=2879&SEO=panamanian-govt-denies-to-u.s.-risk-of-money-laundering

by