Panama cleanup

PANAMA CITY: Panama's government established a committee of independent experts on Friday to make recommendations on cleaning up the country's financial system, after leaks of documents from a Panamanian law firm caused an international uproar over offshore accounts. President Juan Carlos Varela called for the review after the 'Panama Papers' leak suggested rich foreigners were using accounts to hide their wealth. The group includes Nobel economics laureate Joseph Stiglitz, former Panamanian President Nicolas Ardito Barletta and former Panama Canal administrator Alberto Aleman Zubieta. The group is to present recommendations to Varela in six months.