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

 
 
Publication Date: February 18, 2014
 
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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(s): Anti-money laundering | Financial institutions | Nonbank financial sector | Private sector | Freeze on financial assets | Combating the financing of terrorism | International cooperation | Reports on the Observance of Standards and Codes | Panama

 
English
Publication Date: February 18, 2014
ISBN/ISSN: 9781475559743/1934-7685 Format: Paper
Stock No: 1PANEA2014001 Pages: 348
Price:
US$18.00 (Academic Rate:
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