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Caribbean & Central America - March 2016 (ISSN 1741-4458)

PANAMA: Off the grey list

“A triumph for the country” is how President Juan Carlos Varela is describing the decision by the Paris-based Financial Action Task Force on Money Laundering (FATF) to remove Panama from its ‘grey list’ of countries it regards as having inadequate provisions in place to combat money laundering and the financing of terrorism. Announced on 19 February, the decision is a step forward for the Partido Panameñista (PPA)-led El Pueblo Primero (EPP) coalition government in its efforts to improve Panama’s image abroad. However, it comes amid other transparency-related challenges for the country’s institutions.

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