PalauThe Council of the European Union announced its finding the Liechtenstein and Peru have met their commitments with respect to international tax cooperation. Also, Palau has been removed from the list of uncooperative tax jurisdictions.
The Asia/Pacific Group on Money Laundering published its mutual evaluation report on Palau’s anti-money laundering and counterterrorist financing regime.
U.S. lobbies for UAE’s removal from gray list, FATF plans to name and shame AML-lax countries, and more, in the weekly roundup.
Panama Passes Financial Transparency Test: OECD
Panama has taken “substantial steps” to tackle tax evasion after last year’s leak of millions of documents from offshore law firm Mossack Fonseca revealed the nation’s role as a global enabler of illicit financial flows, an international economic body said.
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| Technical | Effectiveness |
|---|---|
| Compliant : 5 | High : |
| Largely Compliant : 15 | Substantial : 1 |
| Partially Compliant : 13 | Moderate : 7 |
| Non-Compliant : 7 | Low : 3 |
| Rank : 88/110 |
| Score : 6.17/10 |
| Rank : N/A |
| Score : N/A |
| Rank : N/A |
| Score : N/A |