Panama : Report on Observance of Standards and Codes—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 373 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Report on the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Panama. The AML Law in Panama covers most of the core financial sectors but does not fully apply to the insurance sector and does not extend to a number of other financial activities as required under the FATF standard. Of the designated non-financial businesses and professions, only trustees are fully covered under the AML Law, while casinos and real estate brokers are only subject to currency transaction reporting obligations.

Series:

Country Report No. 14/55

Subject:

English

Publication Date:

February 18, 2014

ISBN/ISSN:

9781475531916/1934-7685

Stock No:

1PANEA2014002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

19

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