Memorandum on the Delegation of Authority for Reporting on Panamanian Bank Secrecy Regimes

Memorandum for the Secretary of State

Subject: Delegation of Authority for Reporting to the Congress Pursuant to Section 104(b) of the Urgent Assistance for Democracy in Panama Act of 1990

You are hereby delegated the authority for submitting to the Congress the report on actions being taken by the Government of Panama to modify the existing bank secrecy regime required by section 104(b) of the Urgent Assistance for Democracy in Panama Act of 1990 (Public Law 101 - 243).

This memorandum shall be published in the Federal Register.

George Bush