Sicilian mob implicated in Panama fiasco (5)

I believe the answer is:

mafia

I'm a little stuck... Click here to teach me more about this clue!

'sicilian mob implicated' is the definition.
I can't judge whether this definition defines the answer.

'in panama fiasco' is the wordplay.
'in' says the answer is hidden in the clue.
'MAFIA' is hidden within 'panama fiasco'.

Can you help me to learn more?

(Other definitions for mafia that I've seen before include "connection claimed to 23 [JFK]" , "Our family" , "Sicilian criminals" , "Sicilian criminal body" , "Criminal group" .)

I've seen this clue in the Sydney Morning Herald.

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