With the intention of raising the level of compliance with a risk-based approach, to strengthen the money laundering prevention system, to promote comp& As part of the country, Panama has updated the guidelines for professionals who carry out activities subject to surveillance.

An update of the guidelines for professionals who carry out activities subject to surveillance has been made in Panama. It was established in agreement No. JD-02-2022, which replaces agreement no. JD-01 of 25 June 2020 as part of the risk reduction strategy. According to Dayra Carrizo Castillero, Superintendent of Non-Financial Matters (SSNF), “the agreement stems from current regulations and from a business sector risk analysis that was carried out in 2021.”

The obligations to prevent money laundering and terrorist financing for lawyers and accountants were detailed and clarified in the document to guide and ensure legal security for these two professions.