Money Laundering Prevention Congress to be Held in Panama

The Banking Association of Panama is organizing the 12th Hemispheric Congres for the Prevention of Laundering Money and the Fight Against Financial Terrorism.

Monday, July 28, 2008


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Under the auspices of the Office of the Superintendent of Banks, the Unidad de Análisis Financiero and other governmental groups, the event will take place August 20-22 at the Sherton Hotel.

More on this topic

Money Laundering Congress in Panama

August 2009

The congress will analyze creating new controls and improving existing ones to prevent money laundering.

Experts from Argentina, Mexico, Venezuela, Guatemala, U.S., Dominican Republic, Colombia and Panama will be present at the activity, to be held from August 26 to 28.

Guatemala: What is Lacking in Money Laundering Prevention

November 2016

Gafilat has identified the outstanding tasks needed to bring up to date matters relating to financing terrorism, control of casinos and the inclusion of lawyers in the Mandated Persons category.

The ruling was made by the Financial Action Task Force for Latin America (Gafilat), who released the Mutual Evaluation Report, up to the date of the in situ visit made between November 23 and December 4, 2015.

Panama and Nicaragua on the OECD Gray List

July 2014

The two nations have been included in the list of countries with deficiencies in the fight against money laundering and terrorist financing.

The Financial Action Group, assigned to the Organization for Economic Cooperation and Development noted that Panama and Nicaragua are in breach of the recommendations that the agency provides to improve controls for preventing money laundering in the financial system.

Panama: Improved Anti-Money Laundering Law

August 2011

The modifications include new subjects and sectors who will be required to implement the regulations for prevention of money laundering.

In order to conform to international standards, Panamanian authorities are considering possible amendments to the Law 42, passed in 2000 on the prevention of money laundering and combating the financing of terrorism.

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