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Panamanian President Proposes Review of Financial Practices

Panamanian President Juan Carlos Varela says the Panamanian government will create an independent commission to review the country's financial practices in the wake of the Panama Papers scandal. Varela said in a brief televised statement Wednesday that the commission will contain "domestic and international experts" to evaluate the country's current practices and propose measures to strengthen transparency of financial and legal systems. Varela said Panama will share...

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