Panama: Detailed Assessments of Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation
February 15, 2007
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This paper discusses key findings of the Detailed Assessments of the Observance of Standards and Codes for Banking Supervision, Insurance Supervision, and Securities Regulation for Panama. The International Organization of Securities Commissions (IOSCO) assessment considered the securities regulatory framework, the powers, capabilities, and responsibilities of the authorities, as well as issues related to the securities markets, and the management of collective investment schemes and private pension funds. For assessment of insurance supervision, the existing laws on insurance, reinsurance, and captive insurance operations as well as specific regulation and anew draft insurance law were analyzed.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Financial institutions, Insurance companies, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), business plan, Caribbean, Central America, CR, due diligence, Global, holding company, Insurance companies, Inter-American Development Bank, ISCR, law firm, Legal support in revenue administration, Money laundering, service sector, Terrorism financing
Pages:
225
Volume:
2007
DOI:
Issue:
067
Series:
Country Report No. 2007/067
Stock No:
1PANEA2007002
ISBN:
9781451830903
ISSN:
1934-7685
