DGII and SSNF sign agreement to combat money laundering

Panamá.- The General Directorate of Internal Taxes (DGII) and the Superintendency of Non-Financial Subjects of Panama (SSNF) signed a collaboration agreement to exchange good practices in the prevention of money laundering, terrorism financing, and the proliferation of weapons of mass destruction, as outlined by Law 155-17.

The agreement was signed last Friday in Panama by the Director General of the DGII, Luis Valdez Veras, and the Superintendent of the SSNF, Dayra Carrizo Castillo. Both officials highlighted the progress and good practices of their respective countries in supervising Non-Financial Obligors.

The signing ceremony took place at the SSNF headquarters, followed by an exchange of experiences at the Comptroller General’s office of the Panamanian Republic, attended by officials from both institutions and the General Director of Revenue, Publio De Gracia.

“This agreement is part of the Dominican government’s commitment to combating various forms of crime and promoting transparency,” said Valdez Veras.

At the meeting, Francisca Rodríguez, a specialist in money laundering prevention at the DGII, gave a presentation on the topic.

The agreement commits both institutions to providing internships and academic, technical, scientific, and strategic training to their collaborators, supported by documents on supervision, such as manuals, systems, training, protocols, and procedures. This cooperation will exclude financial information, commercial operations, bank transfers, tax returns, and any individual information of the obligated subjects.

Both countries emphasized the importance of preventing and combating money laundering, terrorism financing, and the proliferation of weapons of mass destruction, and promoting best practices in the supervision of regulated non-financial entities. They also agreed to exchange the practices they use.

The agreement is based on the Financial Action Task Force (FATF) recommendations, which have undergone significant transformations to combat transnational organized crime effectively. International cooperation is recognized as a key standard for implementing effective measures against these crimes.