Panama Superintendency of Banks Fines 3 Banks in Second Round of Enforcement Actions

On September 13, 2017, the Superintendency of Banks of Panama announced that it has taken enforcement efforts and imposed fines on three Panamanian banks, including the state-owned national Bank, Multibank, and Banvivienda “for failure to comply with the standards for the prevention of money laundering capital and for violations of the banking regime.”