Panama is officially removed from the European Union's high-risk list

The European Union has officially removed Panama from its list of high-risk jurisdictions concerning anti-money laundering and counter-terrorist financing.

This decision, endorsed today by the European Parliament, acknowledges that Panama has met the criteria set by the FATF and the European Commission, strengthening its mechanisms for international cooperation and transparency in beneficial ownership.

At Signia, we highlight this positive and important step for the country’s reputation and the enhancement of its investment climate with Europe.

For more information on how this update may impact your company’s international operations, please contact us at bd@signialegal.com.