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International

Panama: Regulator plans insurance reforms to improve industry image

October 17, 2014 Reprints

Katherine Arjona, undersecretary at Panama's insurance regulator, said the agency plans to present reforms for the country's insurance sector in the first quarter of 2015, BNamericas reports citing Capital Financiero.

The move is aimed at ensuring that insurers comply with international money laundering standards. The regulator is keen to restore Panama's reputation as an international financial center after it was put on a blacklist by the Financial Action Task Force, an intergovernmental body.

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Panama: Regulator plans insurance reforms to improve industry image

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