Panama Investigating Extending Anti-Money Laundering Regulations

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Thursday, April 1, 1993
Author: 
Volume: 
9
Issue: 
4
135
Abstract: 
Brazilian police have reported that money laundering for the network used by former Brazilian President Fernando Collor de Mello’s Administration transferred funds through Panama and the Virgin Islands, later recovering them in Uruguay. In the wake of these reports, the Panamanian National Banking Commission is proposing new mechanisms to combat money laundering…[more]