Panama official urges effective implementation of proposed anti-money-laundering reforms
Dani Kuzniecky, technical secretary of Panama’s National Commission against Money Laundering, Terrorist Financing and Financing the Proliferation of Weapons of Mass Destruction, spoke at a conference on compliance with international standards. He said proposed Bill No. 624 included changes to accounting-record duties, sanctions and supervisory powers, and that effective implementation would be needed to support Panama’s removal from grey lists.
The proposed reforms could affect compliance obligations and enforcement for entities operating under Panama’s rules.