Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Financial Crime

LATEST: Panama’s former president Martinelli is found guilty of money laundering

FILE PHOTO: The Panama flag waves in the banking area of Panama City, April 4, 2016. REUTERS/Carlos Jasso/File Photo

By Elida Moreno

A Panamanian court has found former President Ricardo Martinelli guilty of money laundering, judicial authorities said Tuesday, which could threaten the politician’s bid to run for the presidency next year.

The court also imposed a $19.2 million fine on Martinelli, according to a statement by judicial authorities.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!