Exclusive: Panama expects to be struck off financial crime watch list in October
This article is a summary of reporting by Reuters. Originally published June 29, 2023.
In an interview with Reuters, Deputy Finance Minister Jorge Almengor expressed confidence that international financial-crime watchdog FATF would remove Panama from its grey list. Almengor emphasized that exiting the list was urgent for Panama to reclaim its standing as a regional financial hub and lessen foreign due diligence hurdles imposed on businesses. The country had previously been listed from 2014 to 2016 and was relisted in 2019 following heightened global scrutiny surrounding financial transparency.
AI Summary
Panama's deputy finance minister stated that the country anticipated being removed from the FATF money laundering watch list in October.
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