View of a sign outside the building where Panama-based Mossack Fonseca law firm offices are in Panama City, on April 4, 2016. AFP / RODRIGO ARANGUA
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PANAMA CITY: Panama has a new tourist attraction: the building hosting the offices of the Mossack Fonseca law firm at the heart of the Panama Papers scandal.Despite the fallout and sudden notoriety from the Panama Papers revelations, and the detention of its two partners on money laundering charges linked to a vast Brazilian bribery case, Mossack Fonseca is continuing its 4-decade-old business.Panamanian prosecutors are investigating the Panama Papers, although no one has been convicted yet.With the lucrative Panama Canal, Latin America's highest growth of over 5 percent in 2015, and a dollarized economy based on services that accounts for 83 percent of gross domestic product, the country is keen to minimize the reputational damage from Panama Papers.After Panama Papers exploded on the scene, France was one of the first to react by putting Panama on its blacklist of tax havens.
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