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US court issues $1.1 m forfeiture order against Panamanian bank account

A court has issued an order allowing the United States Government to seize up to $1.1 million in a Panamanian bank account that is believed to be the proceeds of insider trading by Panama residents. The target is an account at Banco Uno S. A., in Panama City, Panama, in the name of "Yan Abecassis and/or Atlantic 1 Corp., and all related funds".