Panama has said it would form an independent commission to review the
country's financial practices following the leak of information from a
local law firm that has embarrassed a clutch of world leaders.
“The Panamanian government, via our foreign ministry, will create an
independent commission of domestic and international experts ... to
evaluate our current practices and propose the adoption of measures that
we will share with other countries of the world to strengthen the
transparency of the financial and legal systems,” President Juan Carlos
Varela said in a televised address.
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