Panama Back on Money Laundering Grey List

The Ministry of Economy and Finance confirmed that Panama is once again on Financial Action Task Force (FATF) list, which identifies countries that fall short on measures to prevent money laundering and terrorist financing. Although the FATF recognizes that Panama has made progress in recent years towards strengthening the legislative framework in this area, it…

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National Bank Issues New Red Cross Coins

The National Bank of Panama issued some $4 million in balboa coins to celebrate the foundation of the Panamanian Red Cross in 1917. Made by the Royal Canadian Mint, the coins feature the red cross logo and an image of a volunteer in action. There are also 2,000 collectors editions available for $60 a piece,…

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