Financial Crime World

Financial Crime Prevention Training Programs in Panama Complete Groundbreaking AML Session

Panama City, Panama - A Major Milestone for Anti-Money Laundering Efforts

In a significant achievement for Panama’s growing anti-money laundering (AML) efforts, the Association of Certified Anti-Money Laundering Specialists (ACAMS), in partnership with the Government of Panama and the U.S. Department of State, has completed a comprehensive AML training session for 40 Panamanian government officials.

Customized Training Program Strengthens Panama’s AML Initiatives

The customized training program aimed to enhance Panama’s AML initiatives by providing sectorial and supervisory knowledge to newly hired Intendencia officials tasked with identifying suspicious financial transactions across various sectors. This milestone marks an important step in the country’s commitment to combating financial crime and promoting transparency.

Key Highlights of the Training Program

  • 40 Panamanian government officials participated in the comprehensive AML training session.
  • The training program was customized to strengthen Panama’s AML initiatives and provide sectorial and supervisory knowledge to newly hired Intendencia officials.
  • The Government of Panama identified five high-risk sectors for money laundering: accountants (corporate services), banks, free trade zones, lawyers (corporate services), and real estate and construction.
  • The training session was facilitated by ACAMS experts and designed to enhance the knowledge and skills of Panamanian government officials in AML prevention.

Government Officials Commend the Training Program

Patricia Quintero, Intendent of Supervision and Regulation of Non-Financial Subjects, Ministry of Economy and Finance, Republic of Panama, noted that “it has been a great opportunity for us to know the best practices of other jurisdictions and exchange best practices based on our own advances in Panama.”

ACAMS Continues to Support Panamanian Government Officials

As Panama continues to strengthen its AML efforts, ACAMS remains committed to supporting Panamanian government officials in their efforts to prevent and detect money laundering and terrorist financing.