Panama Acts to Clean up Reputation for Money Laundering

April 23, 2015 8:40 PM

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Panama is taking a major step in an effort to clean up its reputation as a hub for money laundering.

The nation's congress has approved by a unanimous vote legislation that will toughen supervision of non-financial sectors to prevent illicit proceeds from the sale of narcotics, corruption and terrorism to seep into Panama's booming economy.

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