Panama back on EU grey list after 4 years

Panama has said that the decision by the Financial Action Task Force (FAFT) to put the country back on the grey list did not take into consideration  the efforts and results that have been achieved. Although at the beginning of the year efforts were made in the country to improve controls in relation to tax evasion, as in the case of the approval by the National Assembly of the bill criminalizing tax evasion, when the amount defrauded in a fiscal period of one year is equal to or greater than $300,000, it was not enough for the country to return to the FATF grey list. The business sec...