Panama's New Rules to Expel Ships on Sanctions Lists

Regtechtimes

"For example, the UANI (United Against Nuclear Iran) organization reported that about 25% of the ships it tracked that were involved in the Iranian oil trade were registered in Panama. This information has raised alarms, leading to calls for Panama to take action against these vessels. By speeding up the process to remove these ships from its registry, Panama aims to show that it is taking these concerns seriously. "