Panama : Detailed Assessment Report—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Author/Editor:

International Monetary Fund. Legal Dept.

Publication Date:

February 18, 2014

Electronic Access:

Free Full text (PDF file size is 1721 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Detailed Assessment Report for Panama on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). Panama is vulnerable to money laundering (ML) from a number of sources. It has criminalized ML and Financing of Terrorism (TF), but its AML/CFT framework is not fully in line with the FATF Recommendations. Some CFT requirements are included in subsidiary instruments, but these appear to go beyond the AML Law and, therefore, are inconsistent with the legal principles established under the Constitution.

Series:

Country Report No. 14/54

Subject:

English

Publication Date:

February 18, 2014

ISBN/ISSN:

9781475559743/1934-7685

Stock No:

1PANEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

348

Please address any questions about this title to publications@imf.org