The US will train Panamanian entities to detect money laundering and corruption
Before the arrival of Robert O'Brien, the adviser to the President of the United States, Donald Trump, for National Security matters, the Ministry of Security recalled the signing of the memorandum of understanding with which it seeks to form a working team between authorities of both countries in the fight against money laundering and corruption.
The head of the Ministry of Security, Juan Pino, and the Charge d'Affaires of the United States Embassy in Panama, Ryan Rowlands, signed this memorandum on July 31, but it was currently revealed that they agreed to work together in order to strengthen the capacities of the Panamanian government to carry out unilateral investigations on money laundering and corruption, not related to drug trafficking.
In addition, it will support Panamanian officials responsible for investigations related to money laundering, terrorist financing, transnational economic crimes and corruption.
This agreement will allow the support of the Panamanian authorities in identifying the sources of financing of terrorism and other crimes from money laundering, the statement said.
Among the agreements, it was agreed that the United States government will provide the working group with certain equipment, resources, training and specialized knowledge in the matter to help fulfill its mission.
Entities such as the Directorate of Judicial Investigation, the Public Ministry, the Financial Analysis Unit, the General Directorate of Revenues and the Superintendency of Banks of Panama, will participate in this agreement and will act in accordance with the mandate conferred by the Political Constitution and the Panamanian law.
It was also indicated that the Government of Panama is advancing a national agenda that involves a commitment to transparency, the fight against corruption, with the strengthening of institutions and the effective application of laws against money laundering and the fight against financing terrorism, with the aim of updating the economic and financial system in order to continue promoting foreign investment and consolidate Panama as the most important financial center in Latin America.
President Laurentino Cortizo announced this morning that this issue is among those that will be discussed with the adviser for US National Security affairs, Robert O'Brien this Friday.
In addition, it will support Panamanian officials responsible for investigations related to money laundering, terrorist financing, transnational economic crimes and corruption.
This agreement will allow the support of the Panamanian authorities in identifying the sources of financing of terrorism and other crimes from money laundering, the statement said.
Among the agreements, it was agreed that the United States government will provide the working group with certain equipment, resources, training and specialized knowledge in the matter to help fulfill its mission.
Entities such as the Directorate of Judicial Investigation, the Public Ministry, the Financial Analysis Unit, the General Directorate of Revenues and the Superintendency of Banks of Panama, will participate in this agreement and will act in accordance with the mandate conferred by the Political Constitution and the Panamanian law.
It was also indicated that the Government of Panama is advancing a national agenda that involves a commitment to transparency, the fight against corruption, with the strengthening of institutions and the effective application of laws against money laundering and the fight against financing terrorism, with the aim of updating the economic and financial system in order to continue promoting foreign investment and consolidate Panama as the most important financial center in Latin America.
President Laurentino Cortizo announced this morning that this issue is among those that will be discussed with the adviser for US National Security affairs, Robert O'Brien this Friday.