CABEI reaffirms its commitment to the fight against financial crime


The multilateral implements best practices in the fight against financial crime and collaborates with countries and international organizations.

Panama City, June 29th, 2022.- Reaffirming its commitment to the fight against the risks of Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction, Fraud and Corruption in the region, the Central American Bank for Economic Integration (CABEI) co-organized the "Regional Workshop for the Exchange of Best Practices on Risk-Based Supervision."

The meeting, which was held jointly with the Financial Action Task Force of Latin America (GAFILAT) and the National Commission against Money Laundering, Terrorism Financing and Financing the Proliferation of Weapons of Mass Destruction (CNBC) of the Republic of Panama, addressed issues such as measures to overcome challenges and achieve effective monitoring, as well as the use of technological tools in supervision processes.

"As an observer member of GAFILAT, we are committed to promoting training programs, best practices workshops, diagnostics, and awareness-raising processes that enable countries to implement international standards and achieve their objectives in preventing and combating financial crime," said CABEI Executive President, Dr. Dante Mossi.

CABEI, as the most relevant development organization and the one that channels the most financial resources to the Central American region, has implemented the best international practices in this area and has strengthened its regulatory framework applicable to all its counterparties and operations through its policy on this issue.

This workshop, which took place in Panama City, with the participation of more than 15 countries in person, fulfills the important function of generating a space for exchange with experts in the prevention of money laundering, who shared experiences and best practices to strengthen capacities in this area, and reduce the existing risks to which financial institutions are exposed.