01926cas a2200241 a 4500 AALejournalIMF014233 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475559743 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Legal Dept. Panama : Detailed Assessment Report-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (348 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This report evaluates the level of implementation of Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Panama. The findings reveal that Panama is vulnerable to money laundering from a number of sources, including drug trafficking and other predicate crimes committed abroad, such as fraud and financial and tax crimes. The AML Law covers most of the core financial sectors but does not fully apply to the insurance sector and does not extend to a number of other financial activities as required under the FATF standard. Competent authorities, including law enforcement and the Financial Intelligence Unit, do not have timely access to information on legal persons and arrangements as required under the FATF standard. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/054 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/054/002.2014.issue-054-en.xml IMF e-Library