Panama: Removal from anti-money laundering “grey list”
Efforts to combat money laundering and terrorist financing
Efforts to combat money laundering and terrorist financing
The Panama tax authority on 27 October 2023 announced the decision of the Financial Action Task Force (FATF) to remove Panama from its anti-money laundering (AML) “grey list.”
The decision was made as a result of Panama’s efforts to combat money laundering and terrorist financing. The FATF added Panama to its grey list of countries in June 2019 due in part to 15 unfulfilled action points required for FATF compliance.
Read a November 2023 report [PDF 317 KB] prepared by the KPMG member firm in Panama
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