AREA

COMPLIANCE

We are a Panamanian Compliance firm registered and authorized by the Superintendency of Non-Financial Subjects (SSNF), Resolution I-EC-003-2019 of February 7, 2019.

We assist our clients with advisory, consulting and training services to manage, design and implement compliance programs by applying a Risk Prevention and Management System that meets the regulations on money laundering, terrorism financing and financing of the proliferation of weapons of mass destruction, all of which directly impact financial and non-financial obligated subjects.

Our service is focused on ensuring that your company operates in a legal, ethical and secure manner, offering a broad range of compliance services designed to help your company minimize risks and maximize client trust by complying with the applicable regulations for the prevention, detection and management of regulatory and preventive compliance risk.

We work with companies designated by Law 23 of April 27, 2015 as Non-Financial Obligated Subjects (SONF), across the following sectors: Real Estate and Construction, Casinos and Games of Chance, Free Zones, Foreign Trade, Armored Value Transport Companies, Pawn Shops, Trading of Precious Metals and Stones, companies dedicated to the purchase of new and used vehicles, and Professional Activities Subject to Supervision. We also work with the Financial Sector (banks, finance companies, cooperatives, payment processors, remittance companies, etc.).

SERVICES

Assessment and diagnosis
Assessment of the company’s compliance with ML/TF/PF policies and procedures, identifying and analyzing the risks associated internally and externally with the Obligated Subject.
Implementation
Development of the full compliance program (structure, committee, minutes, internal rules, etc.), implementing your own preventive system.
Audits
To measure the efficiency, effectiveness and management process of the compliance program.
Risk matrix design and development
With an AML/CFT/CPF approach associated with client, products, services, distribution channels and geographic location.
Manual drafting and updating
To establish the mechanisms, policies and procedures for the prevention of ML/TF/PF.
Form drafting and updating
For the due diligence processes of clients, beneficial owners, employees and suppliers.
Training and workshops
For specialization in regulatory and preventive compliance topics, including a training schedule (virtual or in-person) and knowledge assessments.
Reporting and registration of obligated subject and liaison
Before the Superintendency of Non-Financial Subjects (SSNF) and the Financial Analysis Unit (UAF).
Filing
Semiannual and final sworn statement of cash and quasi-cash transactions.
Advanced search and profile analysis
Of clients / suppliers in national and international risk lists, high-risk countries, territories and jurisdictions for individuals or legal entities. We have a specialized search technology platform.
Support
In managing the due diligence process for clients, suppliers and employees.
Outsourcing
Support in managing the compliance area as well as the duties and responsibilities of the Liaison or Compliance Officer.
Legal advisory and representation
In sanction proceedings brought by the Regulator.
Advisory and support during SSNF inspection processes
Supporting you throughout off-site and on-site inspection management and continuous follow-up of reports on the final results of the inspection.

TEAM

Lourdes Solis
Compliance Manager
lsolis@pa.auditaxes.com
Licensed in Business Administration and Banking & Finance. Certified Anti-Money Laundering professional by the World Compliance Association (WCA), with a Master’s in Compliance and Risk Management, a Specialization in Forensic Audit and a Postgraduate degree in Senior Management.
A specialist in ML/TF/PF prevention, she has more than 20 years of experience in the financial and non-financial sector, leading compliance, risk management and audit functions, focused on implementing and strengthening prevention and control programs aligned with international standards.
Katherine Barba
Compliance Assistant
kbarba@pa.auditaxes.com
Licensed in Accounting and Audit, trained in the prevention of money laundering, terrorism financing and the financing of the proliferation of weapons of mass destruction. Compliance area assistant with experience in due diligence processes, client onboarding, evaluations and audits.
She supports the strengthening of internal controls and the implementation of compliance programs within organizations.