Regulatory Alerts2019-05-17
Circular No. SMV-2-2019: UAF Guidelines and Alerts
The Superintendence of the Securities Market of Panama issued Circular No. SMV-2-2019 to notify compliance officers of five new regulatory documents adopted by the Financial Analysis Unit (UAF). These documents include guidelines for identifying suspicious transactions, best practices for sectoral reporting, minimum documentation standards, tax evasion alerts, and a manual for tracking reports online. The circular mandates that obligated subjects consider these documents in their respective areas while maintaining appropriate confidentiality.
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