Panama: Anti-money laundering information reporting | KPMG | GLOBAL

Panama: Anti-money laundering information reporting

Panama: Anti-money laundering information reporting

Under guidance concerning the rules implementing anti-money laundering measures, an information reporting form must be filed by certain entities or professionals.

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Article 23 of Law 23 (27 April 2015) provides, among other things, measures to prevent money laundering and identifies as “non-financial obligated entities” companies established in the Panama-Pacific Agency (Agencia Panamá-Pacífico).

Resolution No. I-REG-005-017 (published in the official gazette on 29 September 2017) concerns the 16 October 2017 deadline for information reporting by non-financial obligated parties and professionals subject to supervision.

 

Read an October 2017 report (Spanish) prepared by the KPMG member firm in Panama

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