LEADER 07924oam 22013334 450 001 9910789376503321 005 20200520144314.0 010 $a1-4755-5988-7 010 $a1-4755-3111-7 010 $a1-4755-3161-3 035 $a(CKB)3710000000094583 035 $a(EBL)1653424 035 $a(SSID)ssj0001220128 035 $a(PQKBManifestationID)11681192 035 $a(PQKBTitleCode)TC0001220128 035 $a(PQKBWorkID)11219347 035 $a(PQKB)10237601 035 $a(MiAaPQ)EBC1653424 035 $a(Au-PeEL)EBL1653424 035 $a(CaPaEBR)ebr10852146 035 $a(CaONFJC)MIL582608 035 $a(OCoLC)874322714 035 $a(IMF)1PANEE2014001 035 $a(IMF)1PANEA2014001 035 $a(EXLCZ)993710000000094583 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPanama : $eDetailed Assessment Report?FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (349 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4755-5974-7 327 $aCover; Contents; 3. List of laws, regulations and other enforceable means (in separate document); 4. Copies of laws and regulations (in separate document); Acronyms; Preface; Executive Summary; 1. KEY FINDINGS; 1.1. Legal Systems and Related Institutional Measures; 1.2. Preventive Measures - Financial Institutions; 1.3. Preventive Measures - Designated Non-Financial Businesses and Professions; 1.4. Legal Persons and Arrangements and Nonprofit Organizations; 1.5. National and International Cooperation; 2. GENERAL; 2.1. General Information on Panama 327 $a2.2. General Situation of Money Laundering and Financing of Terrorism2.3. Overview of the Financial Sector; Statistical Tables; 1. Structure of Financial Sector - 2012; 2. Statistical Table 2; 3. Financial Activity by Type of Financial Institution; 2.4. Overview of the DNFBP Sector; 4. Financial Activity by Type of Financial Institution; 2.5. Overview of commercial laws and mechanisms governing legal persons and arrangements; 2.6. Overview of Strategy to Prevent Money Laundering and Terrorist Financing; 3. LEGAL SYSTEM AND RELATED INSTITUTIONAL MEASURES 327 $a3.1. Criminalization of Money Laundering (R. 1 and 2)3.1.1. Description and Analysis; 3.1.2. Recommendations and Comments:; 3.1.3. Compliance with Recommendations 1 and 2; 3.2. Criminalization of Terrorist Financing (SR. II); 3.2.1. Description and Analysis; 3.2.2. Recommendations and Comments; 3.2.3. Compliance with Special Recommendation II; 3.3. Confiscation, Freezing and Seizing of Proceeds of Crime (R. 3); 3.3.1. Description and Analysis; 3.3.2. Recommendations and Comments; 3.3.3. Compliance with Recommendation 3; 3.4. Freezing of Funds Used for Terrorist Financing (SR. III) 327 $a3.4.1. Description and Analysis3.4.2. Recommendations and Comments; 3.4.3. Compliance with Special Recommendation III; 3.5. The Financial Intelligence Unit and its Functions (R. 26); 3.5.1. Description and Analysis; 3.5.2. Recommendations and Comments; 3.5.3. Compliance with Recommendation 26; 3.6. Law Enforcement, Prosecution and Other Competent Authorities-the Framework for the Investigation and Prosecution of Offenses, and for Confiscation and Freezing (R. 27 and 28); 3.6.1. Description and Analysis; 3.6.2. Recommendations and Comments; 3.6.3. Compliance with Recommendations 27 and 28 327 $a3.7. Cross-Border Declaration or Disclosure (SR. IX)3.7.1. Description and Analysis; 3.7.2. Recommendations and Comments; 3.7.3. Compliance with Special Recommendation IX; 4. PREVENTIVE MEASURES-FINANCIAL INSTITUTIONS; 4.1. Law, Regulations, and Other Enforceable Means; 4.2. Risk of Money Laundering or Terrorist Financing; 4.3. Customer due Diligence, including Enhanced or Reduced Measures (R. 5 to 8); 4.3.1. Description and Analysis; 4.3.2. Recommendations and Comments; 4.3.3. Compliance with Recommendations 5 to 8; 4.4. Third Parties and Introduced Business (R. 9) 327 $a4.4.1. Description and Analysis 330 3 $aThis report evaluates the level of implementation of Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Panama. The findings reveal that Panama is vulnerable to money laundering from a number of sources, including drug trafficking and other predicate crimes committed abroad, such as fraud and financial and tax crimes. The AML Law covers most of the core financial sectors but does not fully apply to the insurance sector and does not extend to a number of other financial activities as required under the FATF standard. Competent authorities, including law enforcement and the Financial Intelligence Unit, do not have timely access to information on legal persons and arrangements as required under the FATF standard. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/054 606 $aMoney laundering$zPanama$xPrevention 606 $aTerrorism$zPanama$xFinance$xPrevention 606 $aBanks and Banking$2imf 606 $aPublic Finance$2imf 606 $aCriminology$2imf 606 $aIndustries: Financial Services$2imf 606 $aIllegal Behavior and the Enforcement of Law$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aCorporate crime$2imf 606 $awhite-collar crime$2imf 606 $aPublic finance & taxation$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aAnti-money laundering and combating the financing of terrorism (AML/CFT)$2imf 606 $aLegal support in revenue administration$2imf 606 $aMoney laundering$2imf 606 $aTerrorism financing$2imf 606 $aCrime$2imf 606 $aRevenue administration$2imf 606 $aInsurance companies$2imf 606 $aFinancial institutions$2imf 606 $aRevenue$2imf 606 $aBanks and banking$2imf 607 $aPanama$2imf 615 0$aMoney laundering$xPrevention. 615 0$aTerrorism$xFinance$xPrevention. 615 7$aBanks and Banking 615 7$aPublic Finance 615 7$aCriminology 615 7$aIndustries: Financial Services 615 7$aIllegal Behavior and the Enforcement of Law 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aCorporate crime 615 7$awhite-collar crime 615 7$aPublic finance & taxation 615 7$aBanking 615 7$aFinance 615 7$aAnti-money laundering and combating the financing of terrorism (AML/CFT) 615 7$aLegal support in revenue administration 615 7$aMoney laundering 615 7$aTerrorism financing 615 7$aCrime 615 7$aRevenue administration 615 7$aInsurance companies 615 7$aFinancial institutions 615 7$aRevenue 615 7$aBanks and banking 676 $a364.168097287 801 0$bDcWaIMF 906 $aBOOK 912 $a9910789376503321 996 $aPanama$91187121 997 $aUNINA