FATF refuses to take Panama off grey list

Pedro Gonçalves
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FATF refuses to take Panama off grey list

Panama has been unsuccessful in being removed from FATF's grey list as the global organisation says the country still has deficiencies in its anti-money laundering rules. According to FATF, Panama stills need to strengthen its understanding and mitigation of anti-money laundering and countering terrorist financing (AML/CTF) risks; proactively identify unlicensed money remitters; supervise the non-financial sector and enforce sanctions against infringers; enforce adequate verification and u...

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