Superintendency of Banks of Panama
Ana Raquel Velasco is the Director of Regulation of the Superintendence of Banks of Panama, where she has worked for the past 17 years. She holds a Master’s and Postgraduate Degrees in Commercial Law, and a Bachelor’s Degree in Political Science from Universidad Santa María La Antigua, where she graduated Magna Cum Laude. Ms. Velasco has also participated in many professional courses related to banking, accounting and economics. In addition, she has actively participated in conferences on Public Policy for Development, Banking Services for International Trade, Accounting for non-accountants, Project Development and Management, and Finance for non-financiers.
During her tenure at the Superintenece of Banks of Panama Ms. Velasco has had the opportunity to attend numerous seminars and courses in Spain, Mexico, Peru, Colombia, Brazil, and Malaysia related to the Prevention of Money Laundering and the Financing of Terrorism, Corporate Governance, Risk Assessment, Financial Instruments, Trust Funds and Financial Inclusion Strategies.
She has participated as a guest speaker in seminars and conferences presented to various target audiences, such as the Instituto de Altos Estudios de Derecho (Caracas, Venezuela); the Instituto de Gobierno Corporativo, the Panama Banking Association, the Panamanian Microfinance Forum, the Alliance for Financial Inclusion (AFI) and the Anti-Money Laundering Institute, among others.
Ms. Velasco has been a Professor of Corporate Mergers and Acquisitions in the Master’s Degree Program in Commercial Law at the Universidad Interamericana de Panamá. She is a member of the Panamanian Association of Business Executives (APEDE), where she has served as Vice Chair of the Women Executives Committee.
Ms. Velasco was a member of the technical team of the Superintendence of Banks of Panama that drafted the modification to the Banking Law in 2008. She was selected to be member of the task force put together by the Government of the Republic of Panama to carry out the action plan agreed with the Financial Action Task Force (FATF). This required the drafting of Law 23 of 2015 on Anti-Money Laundering, as well as various other regulations issued by the Superintendence of Banks of Panama. It also included providing the relevant support information to the FATF’s Review Team. As a result, the Republic of Panama was removed from the FATF’s gray list in February 2016. Ms. Velasco is the current representative of the Superintendence of Banks of Panama in the technical task force that is the counterpart to the FATF for the 4th Round of GAFILATs mutual evaluation of the Republic of Panama.