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Weekly Roundup: Former Panamanian President Arrested, UBS Publishes Employee Code of Conduct, Holy Land Charity Fights to Appeal 2008 Conviction, and More
printFor compliance officers, this week may be distinguished as one of the few when a national leader was arrested for money laundering. On Thursday, former Panamanian president Ernesto Perez Balladares was placed under house arrest as part of an investigation into an alleged bribery scandal. Investigators have accused Perez, who was in office from 1994 to 1999, of accepting an undisclosed amount of money from Lucky Games SA, a casino that obtained its government license during Perez's term. The scandal is the most high-profile money laundering case against a national leader since the November life-in-prison sentence of Taiwan's former president...
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