General Resolution JD-1-23 Extending the Deadline for Submission of the AML/CFT/CPF Self-Assessment Questionnaire

Promulgated in the Official Gazette No. 29762-B of April 17, 2023.

1

REPUBLIC OF PANAMA
BOARD OF DIRECTORS
SECURITIES MARKET SUPERINTENDENCE

General Resolution SMV No. JD-1-23
Of March 29, 2023

"That extends, in a special manner and until April 17, 2023, the deadline for the submission of the Self-Assessment Questionnaire for the Prevention of Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction, by financial obligated entities"

The Board of Directors of the Securities Market Superintendence,

in exercise of its legal powers, and

CONSIDERING:

That Law 67 of September 1, 2011, reformed Decree-Law 1 of July 8, 1999, and created the Securities Market Superintendence as an autonomous state body, with legal personality, its own assets, and administrative, budgetary, and financial independence.

That the Board of Directors, in accordance with Articles 5, 6, 10 (items 1, 5, and 20), 19, and 20 of the Single Text of the Securities Market Law, acts as the Highest Consultative, Regulatory, and Policy-Setting Body of the Superintendence and has among its attributes: to adopt, reform, and revoke agreements that develop the provisions of the Securities Market Law, as well as to issue resolutions of general application, which must be published in the Official Gazette and shall enter into force from their promulgation, unless the Board of Directors establishes another date.

That the deadline for the submission of the Self-Assessment Questionnaire for the Prevention of Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction, adopted by the Superintendence through Agreement 6-2015 of August 19, 2015, expires on March 31, 2023. This questionnaire must be submitted by financial obligated entities through the Electronic System for the Submission of Information (SERI) implemented by this Regulator.

That the Superintendence was carrying out maintenance and update work on the SERI, which resulted in the system not operating optimally from Monday, March 27, 2023, at 3:00 p.m., until Wednesday, March 29, 2023, at 9:30 a.m. This situation could have affected the work carried out by financial obligated entities regarding the Self-Assessment Questionnaire for the Prevention of Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction, which is completed directly in the SERI. Therefore, the Superintendence has decided to extend, in a special manner and until April 17, 2023, the deadline for its submission.

In merit of the above, the Board of Directors of the Securities Market Superintendence, in exercise of its legal powers,

RESOLVES:

ARTICLE FIRST: EXTEND, in a special manner and until April 17, 2023, the deadline for the submission of the Self-Assessment Questionnaire for the Prevention of Money Laundering, Terrorism Financing, and Financing of the Proliferation of Weapons of Mass Destruction, by financial obligated entities.

ARTICLE SECOND: VALIDITY. This resolution shall enter into force from its promulgation in the Official Gazette.

LEGAL BASIS: Articles 3, 5, 6, 10 (items 18 and 20), 19, 20, and related provisions of the Single Text of the Securities Market Law.

LET IT BE COMMUNICATED, PUBLISHED, AND COMPLIED WITH,

(fdo.) (fdo.)
Luis Chalhoub Adriana Carles
President of the Board of Directors Secretary of the Board of Directors. /aatencio.