Panama implements system to protect the private information of final beneficiaries of legal entities
Through Law No. 129 of March 17, 2020, it has been approved the transfer of the custody of the information on the identity of the Final Beneficiaries of legal entities to the Superintendence of Non-Financial Subjects. The obligation on the part of the Resident Agents to identify the final beneficiaries of all the entities for which they provided their services was already in place before the Law was adopted.
