AML/CFT Activities

Panama AML CFT Activities

As of June 2020, Panama is part of the European Commission’s list of high-risk third countries with regards to anti-money laundering and counter-terrorist financing (AML/CFT). This means the country is considered as “having strategic deficiencies in their AML/CFT regime, also based on the fact that these countries were identified in the FATF document ‘Improving Global AML/CFT Compliance: on-going process statement’.”

The training and activities conducted by the EU Global Facility on AML/CFT seek to rectify Panama’s strategic deficiencies in its national anti-money laundering and counter-terrorist financing framework. as defined under the Fourth and Fifth Anti-Money Laundering Directives.

Bilateral Activities

Starting date
May 2021

Topics

  • Ultimate Beneficial Ownership
  • Parallel Investigations
  • Financial Intelligence into Evidence
  • Cash Smuggling