Compliance / AML Regulations
Regulatory Compliance and Prevention of Money Laundering
At LOVILL, we advise companies and financial institutions in designing, implementing, and maintaining effective compliance programs that align with Panama’s Anti-Money Laundering and Counter-Terrorist Financing (AML/FT) regulations. Our approach is strategic and risk-based, ensuring that corporate governance, internal controls, and reporting obligations are managed efficiently and with regulatory certainty.
We assist regulated financial entities—such as banks, fiduciaries, securities brokers, and finance companies—as well as non-financial obligated entities, including real estate developers, companies in special regimes (Panama Pacifico, Free Zones), construction companies, and corporate groups with multi-sector operations. We also support businesses that choose to adopt compliance programs voluntarily as part of their governance and risk mitigation framework.
Our team works closely with clients to prevent regulatory exposure, strengthen internal controls, and ensure readiness for inspections and supervisory reviews under Law 23 of 2015 and Law 254 of 2021, in line with FATF/GAFI’s international standards.
Our services include:
- Risk assessments and due diligence advisory
- Development and enhancement of AML/FT compliance programs
- Tailored Know Your Customer (KYC) and Due Diligence policies and procedures
- Regulatory advisory for reporting obligations, filings, and inspections
- Training for compliance officers and operational staff
- Assistance with responding to supervisory findings and audits
- Advisory on voluntary compliance adoption for non-obligated companies
Representative Matters
AML Program Design and Implementation for Companies in Special Regimes
Advised companies operating under special economic regimes (including Panama Pacifico and Free Zones) in the implementation of AML compliance structures aligned with Law 23/2015 and FATF-recommended risk-based methodology.
Development of KYC and Internal Control Policies for a Regional Real Estate Group
Designed and implemented KYC procedures, internal controls, and compliance training programs for a real estate development group with operations in multiple provinces in Panama.
Regulatory Advisory and Compliance Officer Training for Financial Institutions
Provided legal advisory, compliance documentation, and structured training programs for compliance officers and staff of entities supervised by the Superintendency of Banks and the Superintendency of the Securities Market.
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