We are pleased to share that Panama has been officially removed from the European Union's list of high-risk jurisdictions for anti-money laundering and counter-terrorism financing purposes, in recognition of the significant progress the country has demonstrated in the areas of tax transparency, compliance with international standards, and cooperation with multilateral bodies.
For the fiduciary and financial sector, this translates into:
- Greater international confidence.
- Reduced operational barriers with European counterparts and institutios.
- Broader scope to structure estate planning, corporate, and financial solutions from a sound, transparent, and well-regarded jurisdiction.
At Assets Trust & Corporate Services Inc., we remain committed to delivering services that meet the highest ethical, technical, and regulatory standards.