Panama Denies to US Risk of Money Laundering

Panama City, Panama

Panama City, Panama

(Q24N) he Government of Panama rejected today the remarks of the Department of Financial Services of New York (NYDES), of the United States, as a high-risk jurisdiction for 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

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