Delegates from many countries are gathering at the Riu Hotel, venue of the event, to discuss issues such as sensitive transactions to manage private bank clients, and how the formal and regular system creates an informal market, in addition to money laundering.

Experts from the United States, Colombia, Costa Rica, Venezuela, Argentina, Mexico and Panama, as the host country and major financial center in the region, are attending the forum.

One of the most expected issues is that of the Foreign Account Tax Compliance Act (FATCA), a law passed by the U.S. Congress for the banks in countries with which it maintains relations, including Panama.

To prevent crime in businesses making and how to apply reasonable criteria will be analyzed Wednesday´s session by criminal lawyer and president of RICS Management, Juan Pablo Rodriguez Cardenas.

Another seven speakers will address the session on several current issues that go from the risk of money laundering in Colombia, a presentation by Enrique Valderrama, to globalization as an influential factor in financial practices, by Ramon Aguilar.