Panama: Another Step Towards Getting Off the Gray List

The government says it has completed the action plan agreed with FATF and requested they visit the country to check for compliance, in order to speed up the process to leave the list of countries considered as tax havens.

Friday, September 25, 2015

From a statement issued by the Ministry of Economy and Finance:

The government of Panama has complied with the technical part of the action plan agreed with the Financial Action Task Force (FATF) through the adoption of a new legal framework for prevention of money laundering, terrorist financing and financing of proliferation of weapons of mass destruction, which includes, for the first time to the non-financial corporations sector.

We are currently at the stage of implementation of the provisions of the new regulations, and it is expected in the next plenary of the aforementioned organism they will approve a visit to our country, to verify these results.

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