Panama pledges transparency

Panama president, Juan Carlos Varela (right) has pledged transparency

Panama's government has announced they will create a committee of experts to recommend ways to boost financial transparency. This comes after the leak of the "Panama Papers," 11.5 million documents that reveal how the law firm Mossack Fonseca helped some clients evade taxes and avoid sanctions. Panama president, Juan Carlos Varela said the report will be shared with other countries so the nations can move together towards further transparency.

More from Business News

On Virgin Radio today

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

  • Hits @ Work with Eddie

    10:00am - Noon

    You're picking the music until lunchtime!

Trending on Virgin Radio

  • Pick the Hits

    We have money can't buy passes to premiere of Bad Boys: Ride Or Die and see Will Smith and Martin Lawrence in person at the event! Just Pick The Hits!

  • Jason Derulo on the Kris Fade Show!

    The super-star and multi-award-winning singer-songwriter, Jason Derulo is bringing the heat to Dubai.

  • Middle East Hot 30

    Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...

  • The Kris Fade Show Podcast

    Not in the car so much while Kris, Priti and Rossi are on air? Check out the daily podcast here...