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Panama to France: Get us out of blacklist or else

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Staff writer ▼ | April 13, 2016
Panama warned France of diplomatic measures if it doesn’t drop it from a blacklist of tax havens in the wake of the Panama Papers revelations.
Juan Carlos Varela
The Panama Papers   President Juan Carlos Varela warned France
“If France’s government doesn’t reconsider its position, Panama’s government will find itself obliged to take diplomatic measures,” President Juan Carlos Varela told reporters, France 24 reports.

Following the Panama Papers reports showing how a Panama law firm helped wealthy people from France and other countries stash their assets in offshore companies, Paris last week put Panama back on its national list of Uncooperative States and Territories (ETNC), from which it had removed it in 2012.

France is also urging the European Union and all member states of the Organisation for Economic Cooperation and Development to follow suit.

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