In view of the new challenges faced by regulated entities in the prevention of crimes underlying Money Laundering, as well as the Financing of the Proliferation of Weapons of Mass Destruction, the Panama Banking Association had organized the XXVIII Hemispheric Congress from the 21st to the 23rd of August, 2024, which had the presence of General Oscar Adolfo Naranjo Trujillo as Keynote Speaker.

Panama, as an International Financial Center, has offered for 28 continuous years the Hemispheric Congress for the Prevention of Money Laundering, Financing of Terrorism and of the Proliferation of mass-destruction weapons, thanks to the alliance of the different actors that participate in the local and international financial activity of the country such as the Banking Association of Panama (ABP), the Financial & International Business Association (FIBA), the Superintendence of Banks of Panama (SBP), the Superintendence of the Securities Market of Panama (SMV), the Superintendence of Insurance and Reinsurance (SSRP), the Panamanian Autonomous Cooperative Institute (IPACOOP), Superintendence of Non-Financial Obligated Subjects (SSNF), the Financial Analysis Unit (UAF), Public Prosecutor’s Office of Panama (PGN), Embassy of the United States of America, Regional Anti-Corruption Academy for Central America and the Caribbean (ARAC), Ministry of Economy and Finance (MEF) and United Nations Office on Drugs and Crime (UNODC).
 

The transnational experience of the members of the International Financial System allows for an agenda elaborated by professionals with more than 35 years of experience in the private financial, non-financial, regulatory and supervisory sectors, who understand and comprehend what an International Financial Center represents and the potential threats and vulnerabilities to which it is exposed, with which the participants enriched their skills and abilities in the design of controls to prevent their products and services from being used by criminals.

This year, as in previous years, the Organizing Committee developed a broad and rich agenda in the field of AML, TF, FPADM prevention; linking the topics with the management and responsibilities at all levels of the obligated subject; with a program focused on best practices, technologies, and new trends used by organized crime to violate controls and enter silently, materializing legal/legal, operational and financial risks to those who fight against these crimes.

We would like to thank the Banking Association of Panama (ABP) for inviting our partner, Oliver Muñoz, to moderate the panel Digital assets as legal tender. Experience of El Salvador, accompanied by Walter Morales, Director and financial risk specialist (Yankor Coaching & Mentory) and William Rondon, Principal and founder of Willigent LLC.

Additionally, Monica Castillo, from our Compliance Department, attended the event during these three days full of knowledge and professional networking; which program can be easily found in the following website: https://www.congresohemisfericopanamaabp.com/en/blank-2