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

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 crimin...

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Corporate Author: International Monetary Fund Legal Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014, 2014
Series:IMF Staff Country Reports; Country Report
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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
Physical Description:348 p.
ISBN:1475559747
9781475559743