Panama Superintendency of Banks Fines 3 Banks in Second Round of Enforcement Actions

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Friday, September 29, 2017
Author: 
Bruce Zagaris
Volume: 
33
Issue: 
10
Abstract: 

On September 13, 2017, the Superintendency of Banks of Panama announced that it has taken enforcement efforts and imposed fines on three Panamanian banks, including the state-owned national Bank, Multibank, and Banvivienda “for failure to comply with the standards for the prevention of money laundering capital and for violations of the banking regime.”