OFAC DELISTS 15 PANAMA ENTITIES LINKED TO WAKED ORGANISATION

On 21 April, OFAC announced the deletion 15 Panamanian entities

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210421

The listings were linked to the so-called Waked Money Laundering Organisation took place in 2016 and involved no less than 77 entities and individuals –

https://www.treasury.gov/press-center/press-releases/Pages/jl0450.aspx

https://www.akingump.com/en/news-insights/tackling-a-panamanian-money-laundering-organization-ofac.html

https://www.newsroompanama.com/news/waket-money-laundering-organization-names

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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