The Superintendency of Banks of Panama inaugurated its VIII Awareness-Raising Forum, “From Theory to Action: Effective Strategies to Prevent BC/FT/FPADM”, as part of its efforts to strengthen compliance culture through training and engagement with supervised and other obligated entities. The event convened banks, trust companies, finance companies, leasing and factoring firms, remittance businesses, foreign exchange houses, issuers of payment and electronic money instruments, card processors and other financial ecosystem participants. The programme focused on practical tools and operational clarity to support risk prevention and management, including compliance with targeted financial sanctions in a complex geopolitical context, integrity under international scrutiny, risks linked to virtual assets and conversion into fiat currency, consumer protection challenges and opportunities, and the use of intelligent compliance solutions to improve supervision and risk management. Opening remarks were delivered by Secretary General Kuldip Singh, who framed the forum as a push for more effective application of regulations and best practices, and the Superintendency noted contributions from invited speakers and the World Bank under its international cooperation work with Panama on anti-money laundering prevention.
Superintendencia de Bancos de Panama 2025-11-21
Superintendency of Banks of Panama opens eighth compliance awareness forum focused on preventing money laundering, terrorist financing and proliferation financing
The Superintendency of Banks of Panama held its VIII Awareness-Raising Forum to enhance compliance culture among financial entities, focusing on preventing money laundering and terrorism financing. The event provided tools for risk management, compliance with financial sanctions, and addressing challenges related to virtual assets and consumer protection. Contributions from the World Bank emphasized applying regulations and best practices.