Regulatory Alerts2018-11-29
Circular 11-2018: Guidelines for the Detection of Terrorism Financing and Relevant Risk Indicators
The Superintendence of the Securities Market of Panama issued Circular 11-2018 to distribute guidelines for detecting terrorism financing and identifying relevant risk indicators. These guidelines, developed based on Financial Action Task Force (FATF) criteria, are intended to assist obligated subjects in preventing terrorism financing and reporting suspicious transactions. The document mandates that these indicators be kept confidential and not publicly distributed, with access provided via a secure electronic link.
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