In May, approval could be given to the regulation of the law that obliges real estate agents, pawn shops and lawyers, among others, to report suspicious operations of more than $10,000.
The socialization process of the regulation of the Law for the regulation of designated non-financial professional activities (APNFD) has already ended, and Congress estimates that next month it could be approved.
The amendment to the money laundering law approved in the first debate requires accountants, lawyers and real estate agents to report suspicious transactions made by their clients.
Bill 19.951 reforming the Law on Narcotic Drugs, Psychotropic Substances, Drugs of Unauthorized Use, Related Activities, Legalization of Capital and Financing of Terrorism was approved in a first debate by the Legislature on April 21.The new regulation establishes the obligations on professionals engaged in non-financial activities, such as lawyers, accountants, notaries and real estate agents, once the law is fully approved and enacted.
The maximum amount allowed for banking transactions in cash in foreign and national currency has been lowered from $10,000 to $4,000.
From a resolution by the Central Bank of Honduras:
For purposes of the application of Articles 8, 12, 23 and 25 and in compliance with the provisions of Article 86 of the Special Law against Money Laundering the following amounts have been established:
Banks must report to the Institute on Drugs any financial transactions that do not correspond to a tax return.
A decree by the Solis administration amends the regulations of Act 8204 against drug trafficking, related activities, money laundering, financing of terrorism and organized crime.
Through an amendment to article 34 of Executive Decree No.
A year after laws were approved to prevent money laundering in Panama there are still companies that have not been registered and will not be able to report suspicious transactions.
A bill against money laundering tightens control of activities such as leasing and factoring and imposes harsher penalties on those not reporting suspicious transactions.
The proposal was prepared by the Superintendency of Banks in Guatemala (SIB), and aims to establish tighter controls and more severe sanctions in order to improve mechanisms for preventing money laundering.
Following the decision by the Colombian authorities, the costs of financial and tax transactions between the two countries will increase.
The absence of Panama's signing of an agreement to exchange tax information with Colombia has led authorities of that country to include Panama in the list of uncooperative countries. The main objective of Colombia "... is to close the doors for people hiding money in other countries."