COMPLIANCE
We are a Panamanian Compliance Company registered and authorized by the Superintendency of Non-Financial Subjects (SSNF), Resolution I-EC-003-2019 of February 7, 2019.
We assist our clients in advice, consulting, and training for the management, design, and implementation of the compliance program applying a Risk Prevention and Management System that complies with regulations regarding money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction, which directly impact both financial and non-financial obligated subjects.
Our service is focused on ensuring that your company operates legally, ethically, and safely, offering a wide range of compliance services designed to help your company minimize risks and maximize customer trust by complying with the applicable regulations on prevention, detection, and management of regulatory and preventive compliance risks.
We work with companies classified by Law 23 of April 27, 2015, as Non-Financial Obligated Subjects (SONF), from the Real Estate and Construction sectors, Casinos and Games of Chance, Free Trade Zones, Foreign Trade, Security Transport Companies, Pawn Shops, Commercialization of Metals and Precious Stones, Companies dedicated to the purchase of New and Used Cars, Activities of Professionals Subject to Supervision. As well as with the Financial Sector (banks, financial institutions, cooperatives, payment methods, remittance companies, etc).
Assessment and Diagnosis
Assessment of the company's compliance with the BC/FT/FPADM policies and procedures by identifying and analyzing the associated risks both internal and external to the Obligated Subject.
Implementation
Development of the complete compliance program from (structure, committee, minutes, regulations, etc.), implementing its own preventive system.
Audits
To measure the efficiency, effectiveness, and management process of the compliance program.
Risk Matrix Design and Development
With an anti-money laundering approach against the financing of terrorism and the proliferation of weapons of mass destruction associated with the client, products, services, distribution channels, and geographic location.
Preparation and updating of Manual
To establish the mechanisms, policies, and procedures for the prevention of ML/TF/FPADM.
Preparation and updating of Forms
For the Due Diligence processes of clients, final beneficiaries, collaborators, and suppliers.
Training and Workshops
For your specialization in compliance and preventive issues, including training schedule whether virtual or in-person and application of knowledge tests.
Subject and link reporting and affiliation
Before the Superintendency of Non-Financial Subjects (SSNF) and the Financial Analysis Unit (UAF).
Presentation
Semiannual and Final Affidavit of transactions in cash and quasi-cash.
Advanced search and Profile analysis
From clients / suppliers on national and international risk lists, countries, territories, and high-risk jurisdictions for individuals or legal entities. We have a specialized search technology platform.
Support
In the management of the due diligence process for clients, suppliers, and employees.
Outsourcing
Support in the management of the compliance area as well as in the functions and responsibilities of either the Liaison or Compliance Officer.
Legal Advice and Representation
Before sanction processes by the Regulatory Authority.
Advisory and support during the SSNF inspection processes
Supporting them in all management of Extra Situ and In Situ inspection and continuous monitoring of the reports regarding the final results of the inspection.
