Regulatory AlertsCircular SMV-1-2022: Exemption from Periodic AML/CFT Reporting for Managed Investment Companies
The Superintendence of the Securities Market of Panama issued Circular SMV-1-2022 to clarify reporting obligations following the enactment of Law 254 of 2021. The circular states that managed investment companies are not classified as financial obligated subjects under the amended Law 23 of 2015. Consequently, these entities are exempt from the periodic submission of self-assessment and operational questionnaires related to anti-money laundering and counter-terrorist financing.
Share