VIENA .- The vice president and chancellor of Panama, Isabel de Saint Malo, acknowledged today that the "Panama Papers" has served to accelerate the fight against money laundering and, despite the impact on the country's image, that scandal had no effect on its economy.
"Unfortunately for my country, for the name it had put us in sight," lamented the chancellor.
De Saint Malo insisted that documents leaked scandal from the firm Mossack Fonseca served to accelerate the efforts to his Government was already carrying out against money laundering.
"Today, Panama is not only 100% with the global agenda of transparency" she said.
In addition, he recalled that creating corporations, such as those disclosed in these papers, is not a crime, but the unlawful use made of them.
"Only 20% of the companies on the list were registered in Panama. So what does the Panama Papers show? The weakness of the global system,” she add.
The vice president also referred to the investigation into the alleged bribes from the Brazilian construction company Odebrecht in several Latin American countries, including Panama, and said that such cases could also accelerate the fight against corruption.
De Saint Malo recalled that Panama has reacted by canceling a project that had been awarded to that company until "they do not comply with the Justice."
"Our government also considers it important that we shield the system into the future, and in that direction different things are valued," she said.