Benson Formations

Panama celebrate its exit from FATF ‘Grey List’

Panama has achieved a significant milestone by exiting the Financial Action Task Force (FATF) grey list of financially high-risk countries. The FATF plenary meeting in Paris recognized Panama’s strengthened anti-money laundering and counter-terrorism financing prevention system and its implementation of substantial standards. Panama has achieved a significant milestone by exiting the Financial Action Task Force […]

New register of beneficial owners in Panama

The shift towards disclosure of real owners of companies worldwide continues with Panama to join in the ranks. On 19 December 2019, the National Assembly of Panama passed a new Law (Bill No.169) about the creation of a register of beneficial owners of all Panama-incorporated legal entities. The register will be managed by the Superintendence […]