The Financial Action Task Force (FATF) has announced a series of mutual evaluations, scheduled for March 2024. In this context, the Government of Panama is moving forward with strategies to get out of the gray list.

The FATF excluded Panama from its grey list in October 2023, after recognizing that the country “had strengthened the effectiveness of its fight against money laundering and the financing of capital activities.” Terrorism Systems) to meet the commitments in its action plan regarding the strategic deficiencies it identified in June 2019.” Today, the Government of Panama is moving forward with strategies for the fifth round of FATF mutual evaluations, scheduled for March 2024

Recently, CNBC, with support from ECON and INL, organized a workshop on asset policy and regulation as part of the Panamanian government's ongoing efforts to combat money laundering, terrorist financing, and related crimes. On the occasion, the National Coordination of the Technical Secretariat of the National Commission against Money Laundering, the Financing of Terrorism and the Financing of the Proliferation of Weapons of Mass Destruction (Cnbc), Isabel Vecchio Arófulo, indicated that it is urgent to move forward on the right track, including the development of special laws and regulations, as well as compliance with international standards, which will allow us to maintain the sustainability of our commitment by in favor of international transparency.

The challenge now seems to be that of virtual assets. In view of the adjustments introduced by FATF in this specific case, Panama must prepare and proactively apply the corresponding controls in preparation for the fifth evaluation cycle