This law strengthens Panama’s fight against organized crime and money laundering. It is part of the country’s compliance with international anti-money laundering (AML) standards established by the Financial Action Task Force (FATF). This allows Panama to cooperate more effectively with global financial institutions in monitoring and regulating illicit financial activities.

Source

Other Legislation from Panama

Act on Cybercrime/Online Intellectual Property Protection

Cooperation and International Efforts

Criminal Code/Law Enforcement

Cybersecurity and Critical Infrastructure Protection

Data Protection and Privacy