Compliance/ AML regulations
LOVILL conducted a legal audit for an oil trading company established in Panama Pacifico focusing on the regulatory issues surrounding the prevention against money laundering, financing of terrorism and proliferation of weapons of mass destruction, as a regulated non-financial subject. Lovill worked with client’s global compliance head to develop the company’s compliance and anti-money laundering manual and policies, attending to international and local standards, as well as their KYC and suppliers policies, due diligence documentation and annual trainings in coordination with their headquarters.
LOVILL carried out a legal audit for a real estate developer and hospitality management group focused on prevention against money laundering and compliance with Law 23 regime, including the preparation of the strategy and roadmap for their executives and compliance department pension fund, a trust and a life insurance company.
LOVILL advised in regulatory and anti-money laundering matters an American multinational financial services corporation, dedicated to facilitating electronic funds transfers throughout the world.
LOVILL advised a renowned credit rating agency in the application of their global compliance, corporate governance and ethics manuals and policies to their operation in Panama.