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Panama, trying to get off international grey lists, passes new tax transparency law

RIO DE JANEIRO, BRAZIL - Panama's president, Laurentino Cortizo, sanctioned a law on international tax transparency and prevention of money laundering, which includes "elements" to prevent the country from being included in international "grey" lists, informed the government.

The law seeks to "adjust the legal norms to the international standards that improve the country's qualification in matters of international tax transparency before the Global Forum of the Organization for Economic Cooperation and Development (OECD)", explained the Presidency.

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