“Panama at the face of tax evasion, corruption and other financial crimes in the new era” was the main topic of the Fifth Awareness Session 2021 hosted by the Superintendency of Banks of Panama (SBP), as part of its continuous training program addressed to the employees working for the different entities under our regulation and supervision.
This training is intended to reinforce AML/TF/WMD management.
The virtual session was addressed to 495 banks, trust companies, leasing, factoring, savings and housing loans associations, MSBs, exchange bureaus, payment means, and development banks employees.
The Superintendent of Banks, Amauri A. Castillo, during his opening remarks, pointed out that “the whole world has pushed the pedal to the metal to use new technologies where Panama has not been the exception, due to the advantages they offer, reinforcing the efforts made by financial institutions to offer their products and services, which has become a potential source of investment and development for the country; however, they are also exposed to risks, which requires greater awareness and implementation of controls for proper risk management and financial crimes prevention.
National and international speakers participated in the training session, which covered topics related to Virtual Assets risks and threats; Terrorism financing in Latin America; Tax evasion and corruption, among others.
