Get answers to the most common questions about the Single and Private Registry of Final Beneficiaries (RUBF) in Panama. Learn about the system’s purpose, the responsible entity for compliance, registration requirements, costs, and the legal basis behind it.
Tag Archives: Money Laundering
Single and Private Registry of Final Beneficiaries in Panama: Enhancing Transparency and Combating Money Laundering
Learn about the significant initiative implemented by Law 129 of 2020 and Executive Decree No. 13 of 2022, which established the Single and Private Registry of Final Beneficiaries of Legal Entities (RUBF) in Panama. Understand how this registry promotes transparency in the financial system, combats money laundering, and strengthens the integrity of the country’s business system. Discover the required information that resident agents must provide and the role of the Superintendency of Non-Financial Subjects in administering and safeguarding the RUBF.