This statement was released to show how the government of Panama was committed to being more transparent about its policies and how it intended to institute a zero-tolerance policy toward “any aspect of its legal or financial system that is not handled with high levels of transparency.”

It is a reminder that any legal services in Panama are expected to cooperate with any requests for assistance if the need should arise in any judicial proceedings.

This article also discusses a number of the new regulations that came into effect in 2016, especially those that had to do with money laundering in the country.

Check out the article to learn more about the initial measure the Panamanian government took to get off the FATF-GAFI Grey List.

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