Regulatory Alerts2002-05-15
Law 22 of 2002 Approving the International Convention for the Suppression of the Financing of Terrorism
The Legislative Assembly of Panama enacted Law 22 of 2002 to formally approve the International Convention for the Suppression of the Financing of Terrorism, which was opened for signature in New York on January 10, 2000. This legislation incorporates the Convention into Panamanian law, requiring the criminalization of terrorist financing, the establishment of jurisdiction over such offenses, and the implementation of measures for asset seizure, mutual legal assistance, and extradition. The law mandates that Panama cooperate internationally to prevent and repress the financing of terrorism through judicial prosecution and the sharing of information regarding suspicious fund movements.
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