|Visa for Panama|
Whether this is an effort to exclude individuals from the developing world, who engage in transporting financial instruments into Panamanian banks, for tax evasion or money laundering purposes, is not known. Add this to the recent refusal of Panamanian banks to open new accounts for foreign nationals, which some observers see as a possible response to the Panama Papers scandal, and it could represent a trend, towards the suppression of money laundering activity in the Republic. Some are pointing to the fine assessed, against Odebrecht, as an example of a sea change in Panama's policies.
Of course, to be truly effective, Panama will have to actually arrest, try and imprison offenders for money laundering offenses, which is not currently the case in Panama City, where bankers move dirty money with total impunity, working with both foreign money launderers, principally from Venezuela, and Panama's powerful Syrian organized crime syndicate.