2.03.2016. Panama removed from FATF “gray list” offshores

Company News

The Financial Action Task Force (FATF) announced it has taken Panama off its money laundering and terrorism financing watch list. Known as the “gray list,” it identifies the countries that lack sufficient anti-money laundering legislation and regulations.

FATF confirmed that Panama now has the legal, regulatory, and institutional framework in place to effectively prevent money laundering, the financing of terrorism, and the proliferation of weapons of mass destruction.