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Panama targets removal from FATF list after completing 15-point action plan

Regulation

Source: Junta de Control de Juegos (Panama)

Panama expects to leave the Financial Action Task Force (FATF) list this year, according to Isabel Vecchio, technical secretary of the Economy Ministry's National Commission against Money Laundering. She said two of the plan's 15 points were partly complete, covering beneficial ownership identification and authorities' access to that information; officials expected to discuss progress with FATF in May.

The plan includes beneficial-ownership requirements that may affect regulated entities and their compliance obligations in Panama.

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Italy’s 2027 budget plan targets €2.6bn from gambling by 2029

Italy’s government expects gambling measures in its 2027 budget plan to raise about €950m in 2027 and €2.6bn by 2029, according to reported analysis of the plan. Proposed changes include higher ordinary levies on slot machines and VLTs, alongside lower rates and higher stake and prize limits for AWP machines that meet new requirements; the measures are estimated to add €1.155bn over three years.

Italy's government expects its 2027 budget bill to bring in about €950m from gambling in 2027 and about €2.6bn by 2029. According to the technical report, adding up the individual items gives €2,586.63m over three years. The amounts relate to the bill presented by the government and may change during parliamentary examination.

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