LATIN AMERICA ADVISOR

Financial AMERICA ADVISOR

A daily publication Of the dialogue

July 25, 2023

What Would ‘Grey List’ Removal Mean for Panama?

Panama’s government expects the country to be removed soon from a list of nations that are doing too little to fight money laundering. Panama City is pictured. // File Photo: Dronepicr via Creative Commons.

Q

A

Ramón E. Martínez, Panama’s ambassador to the United States: “Foreign direct investment is important for the development of our country and, although we continue to receive investment, getting off the Financial Action Task Force (FATF) grey list is crucial for Panama, as we open the doors to new opportunities for international services. While Panama has maintained its investment grade, enabling the country to demonstrate its sustainability, what we want is for those investments that come to the country to be a positive factor in Panama’s sustained economic growth. In implementing new changes in international policy and practices, Panama has sought to go beyond mere removal from a list; it has striven to be recognized for having the highest standards in international financial services. In June, the FATF review team determined that Panama substantially completed the 15 points of its action plan, a high-level political commitment to…”

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ABOUT THE financial services ADVISOR

Covering Latin America’s banking and insurance sectors, remittances trends and data, micro lending issues, new technologies in the industry, anti-money laundering regulations, and much more, the Inter-American Dialogue’s biweekly Financial Services Advisor, a sister publication of the Latin America Advisor, gives readers fresh insight and diverse viewpoints from financial sector leaders. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Ernesto Armenteros
Vice Chairman
of the Board,
Banco de Ahorro y Credito Union

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

Richard Child
CEO,
Mattrix Group

Michael Diaz
Partner,
Diaz, Reus & Targ, LLP

Ernesto Fernández Holmann
Chairman of the Board,
Ayucus

Desiree Green
Vice President,
Int’l Gov’t Affairs,
Prudential Financial

Earl Jarrett
Deputy Chairman & CEO
The Jamaica National Group

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

Thomas Morante
Attorney,
Carlton Fields

Manuel Orozco
Senior Fellow,
Inter-American Dialogue

Adalberto Palma Gómez
Senior Partner,
Aperture SC

Rodolfo Pittaluga
Adjunct Professor,
Florida International University
College of Law

Roberto Teixeira da Costa
Founder & Board Member Emeritus, CEBRI

Mario Trujillo
CEO,
DolEx Dollar Express

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