Panama up against a grey wall

Panama is part of a community: the international one, which has its own rules and is governed by norms that Panama does not necessarily share. If our country decides – by action or omission – that it is not willing to comply with these standards, then Panama is isolated from the rest of the countries with which it does business and maintains other types of relationships. That is, it is separated and enters the so-called grey or blacklists. To regain its privileges as a member of the international community, Panama must compromise and abide by its rules or simply live isolated from the rest of the world. Panama decided on the former: it promised to comply but has not done so and the country has returned to a grey list, since it has been unable to make a recommendation: offshore, and that the competent authorities may have access to this information to monitor money laundering and terrorist financing. As is customary in Panama, promises – even the law – are broken, and that has us up against the wall, and we will continue to do so if the Government continues with this looseness. – LA PRENSA, May 5