By Elizabeth Hearst
The United States will partner with Panama to establish a specialised task force to crack down on money laundering.
The US embassy in Panama announced the measures following a number of high-level meetings with government officials from both nations.
The task force will see Panamanian prosecutors and regulators receive specialised training by trained personnel from the US Federal Bureau of Investigations (FBI) according to Reuters.
A statement from the embassy said: “The task force will target money laundering networks, including non-narcotics related networks, and strengthen capacity to investigate, disrupt and prosecute money laundering and corruption”.
The announcement came off the back of meetings between the President of Panama, Laurentino Cortizo and US National Security Advisor, Robert O’Brien, amongst other high profile figures.
Details relating when the task force will be operational, funding and training from the FBI has yet to be announced.