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Panamanian officials obliged to declare private interests

Panamanian officials obliged to declare private interests

Panama City, Jan 23 (Prensa Latina) An executive decree establishes from today in Panama, a sworn declaration form of private interests for public officials.

According to the norm, signed by the President of the Republic, Laurentino Cortizo, the measure responds to the law endorsed on August 2022 which sanctions conflict of interest.

In the document, the officials must inform about remunerated or not, professional, labor, economic, trade union, personal or charitable activities.

They must also say if they take advantage of public concessions, contracts with the State, or if they are suppliers of the Government, in addition, they are obliged to inform if they have received gifts, in the last year, coming from persons or companies not related to their family.

The declaration must be submitted by the ministers, vice ministers, the General Comptroller of the Republic and its sub-comptroller; as well as the heads of diplomatic missions and the People´s Defender.

The decree reminds that obligated subjects (civil servants) must present a sworn statement of private interests, no later than 30 days after taking office.

The sanctions for those who fail to comply with the law range from a fine equivalent to four months’ salary up to their dismissal.

The initiative was promoted by independent deputy Gabriel Silva, who asserted that it was a necessary tool, although the opposite was visualized by collectives in their discussions with the Executive when they catalogued as unfeasible most of the proposals related to transparency and the fight against corruption.


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