Panama removed from the European Union’s list of high-risk countries

Panama celebrates a significant milestone in its commitment to transparency and financial integrity: the removal from the European Union’s high-risk list. This achievement is the result of continuous efforts and effective measures implemented to combat money laundering and terrorist financing.

The European Union Commission removes Panama from the list of high-risk countries due to deficiencies in anti-money laundering and terrorist financing prevention, acknowledging significant progress in enhancing the anti-money laundering and terrorist financing regime.Progress and Measures Implemented:

• Strengthening of the legal and regulatory framework.
• Implementation of effective measures, such as the modification of the AML/CFT standard and the adoption of the Unique Beneficial Ownership Registry.
• Removal from the FATF grey list in October 2023, avoiding the process of enhanced monitoring.

Impact in Panama:

• Improvement of international image and recognition of high transparency standards.
• Facilitation of international economic and financial relations.
• Panama’s commitment to leadership in the fight against money laundering and terrorist financing, maintaining a competitive position in the international financial community.

This international recognition not only improves the country’s image, but also strengthens its economic and financial relations at a global level.