Panama to call its EU envoy for consultations over ‘high risk’ list

PANAMA CITY (Reuters) – Panama said on Wednesday it will call home its ambassador to the European Union for consultations over the renewed inclusion of the Central American tax-haven on a blacklist of countries that have weak anti-money laundering and terrorist financing regimes.

“Panama strongly rejects the proposal of the European Commission to include the country in a list of jurisdictions of high-risk third countries,” the office of President Juan Carlos Varela said in a statement.

The government said Panama’s diplomatic representative to the European Union, Miguel Verzbolovskis, would be called back for consultations about the list, which the EU says exists to protect its financial system from laundering and terrorist financing risks.

The European Commission added Saudi Arabia, Panama and Nigeria to the blacklist, which was adopted on Wednesday. The European Parliament is due to vote on the additions within 30 days.

During that time, Panama

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