Our Comptroller’s Department and Finance attended on march 16th, 2016 the conference on Law 23, where important points were discussed such as; to establish measures to identify, assess and understand the risks and consequences of money laundering and terrorist financing and to establish appropriate controls to mitigate them.

This law is divided into bound financial subjects, supervised by the Superintendence of Banks, Superintendence of Securities, Insurance and Reinsurance and the Panamanian Autonomous Cooperative Institute; and bound non-financial subjects that should be monitored by companies in the Colon Free Zone, companies engaged in the construction industry, pawn shops and exchange offices.

Thus, as Panamanian company, Prato Group assumes to give faithful compliance to it and starts creating appropriate processes and procedures to ensure our partners, financial partners, investors and customers the transparency of our operations.