Dissatisfaction due to the Government’s non-transparent withdrawal from the FATF

Leaving the list of the Financial Action Task Force (FATF) means that Panama cooperates with all recommendations made by countries, especially those related to money laundering, terrorist financing, said Olmedo Estrada, former president National College of Economists.

It is also in line with all those starting points not to be ua FATF gray list.

Although the situation in the country, somehow overshadows this positive news.

The economist added that the fact that Panama is not considered a tax haven is one of the most important elements, because this places our country in the group of countries that are doing well.

“It is sending a positive message to the world, saying that Panama supports anti-money laundering actions,” he assured.

Another relevant point is that investments will be seen Panama now from a different perspective.

“With this, investors will now see Panama as a country where they can come and invest. Indeed, Panama has left a list of non-cooperative countries, that’s attractive”he showed.

However, the expert also pointed out that with what is happening in the country with the social dissatisfaction of the population against the Government Laurentino Cortizo and José Gabriel Carrizo, this news does not come with the impact it should have.

“I am saying this because, on the other hand, we are sending a negative message because the economic and financial stability of a country includes the arrival of these investments, because it already complains a lot about the losses that occur in business”He said.

Just in time, Estrada He claimed that what is happening now does not bring any benefit to the country.

The information about Panama’s withdrawal from FATF was also confirmed by the president Laurentino Cortizo.