Barents Re was recently invited to represent the reinsurance industry at the prestigious meeting of the Financial Action Task Force (FATF) of Latin America. Affiliated to the Organisation for Economic Cooperation and Development (OECD) in Paris, the FATF of Latin America evaluates member countries’ processes and procedures to uphold the highest standards of financial probity for the prevention of money laundering and the financing of terrorism and weapons of mass destruction.
The FATF invites companies and governmental organisations with a track record of commitment and promotion of measures to combat financial crime and to share best practice. The FATF’s most recent meeting was held at the Ministry of Foreign Relations in Panama between the 15th and the 26th of May at which Fernando Diaz Lozano, Barents Re’s Compliance Manager, represented the reinsurance industry.
Gerardo Garcia, Barents Re President & CEO, commented:
“It was a great honour to be invited by the FATF to represent the reinsurance sector at this important event. We believe that the invitation demonstrates our leadership and commitment to upholding the highest standards in the financial markets and wider financial services arena.”
The Financial Action Task Force was established in 2000 and represents 17 countries in Latin America.
Barents Re’s Compliance Manager, Fernando Díaz Lozano (at the far right), along with other representatives of the Financial Action Task Force meeting.