This follow-up report analyses the progress made by Panama in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation Report.
Panama has been making important progress and has been re-rated on the following nine recommendations:
- Recommendation 14 from Partially Compliant to Compliant
- Recommendation 19 from Partially Compliant to Largely Compliant
- Recommendation 32 from Largely Compliant to Compliant
- Recommendation 33 from Partially Compliant to Compliant
Panama will continue in the enhanced follow-up process and will continue to report to GAFILAT on the progress made to strengthen its implementation of AML/CFT measures.