Let’s pick up the slow pace of change in Panama | Space for …

Image: Flickr / marthaenpiet

A Panamanian Sloth Image: Flickr / marthaenpiet

The recent moves by the Panamanian government to clean up its image in the wake of the Panama Papers scandal may eventually lead to a more transparency and accountable financial sector.   But only if the pressure is kept on the Panamanian government.

President of Panama Juan Carlos Varela Image: Romanrayala

President of Panama Juan Carlos Varela
Image: Romanrayala

The Panama Papers showed how one Panamanian law firm was able to set up thousands of secret companies that were often used to launder money and hide illicit wealth. Panama, which has been criticised as a haven for financial skulduggery, reacted by setting up a committee to recommend what it should do to tackle corruption that secrecy breeds.

Less than five months into

... read more at: http://blog.transparency.org/2016/08/26/lets-pick-up-the-slow-pace-of-change-in-panama/

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