Panama: Report on Observance of Standards and Codes—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 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(s): Anti-money laundering | Financial institutions | Nonbank financial sector | Corporate sector | Combating the financing of terrorism | International cooperation | Reports on the Observance of Standards and Codes | Panama

 
English
Publication Date: February 18, 2014
ISBN/ISSN: 9781475531916/1934-7685 Format: Paper
Stock No: 1PANEA2014002 Pages: 19
Price:
US$18.00 (Academic Rate:
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