Geneva, Switzerland

Swiss blockchain analytics firm Global Ledger has signed a strategic partnership with Panama Legal Group and The Chamber of Digital Commerce and Blockchain to launch a specialized training program for Panamanian government officials.

This initiative, led by The Chamber of Digital Commerce and Blockchain in collaboration with Global Ledger and Panama Legal Group, will train legal professionals—including lawyers, prosecutors, judges, and other officials involved in crime prosecution—to supervise, analyse, and regulate financial activities such as the Superintendency of Banks, the Superintendency of the Securities Market, the Financial Analysis Unit, and the Directorate of Financial Companies of the Ministry of Commerce and Industry. 

The program is designed to introduce tools that identify digital wallet addresses, label risk profiles, and detect possible links to criminal activities, including terrorism financing. Through these tools, participants will gain a clearer understanding of the relationships between cryptocurrency addresses, helping to identify criminal activities more efficiently.

The two-day training program is scheduled for November 20 and 21, with an expected attendance of 50 representatives from the Panamanian Central Government and 30 prosecutors. Coordinated by the Chamber of Commerce, this program is part of Panama’s broader strategy to modernize state processes, driven by the National Authority for Government Innovation.

Panama has recently emerged as a potential cryptocurrency and blockchain hub in Latin America, drawing attention due to its strategic geographic location, favourable business environment, and rising interest in fintech. Local businesses and consumers increasingly turn to cryptocurrencies for transactions, savings, and remittances, viewing digital assets as viable alternatives to traditional finance.

However, Panama faces challenges in implementing effective anti-money laundering (AML) standards that address the unique complexities of digital assets. Recognizing the dual need to foster innovation while preventing financial crime, the Panamanian government is looking to strengthen its AML framework. This collaborative effort between private blockchain firms and public institutions reflects a proactive approach to safeguarding the integrity of Panama’s burgeoning crypto sector.

In April 2022, Panama’s National Assembly passed Bill No. 697 to regulate cryptocurrency usage, proposing frameworks for digital transactions and tokenization. The government is currently navigating regulatory pathways after the Supreme Court declared the bill unenforceable in July 2023 due to constitutional concerns. Programs like this training initiative by Global Ledger, Panama Legal Group, and The Chamber of Digital Commerce and Blockchain seek to equip Panama’s legal and financial sectors with the tools needed to monitor crypto transactions and mitigate potential risks, enabling the country to maintain a balance between regulatory compliance and sectoral growth.

This strategic partnership marks a significant step toward positioning Panama as a crypto-friendly jurisdiction with a secure, transparent financial ecosystem.

“Blockchain technology is reshaping the global financial landscape, but with innovation comes responsibility. This training with Panamanian government officials is about equipping the gatekeepers of justice—lawyers, judges, prosecutors—with the tools to stay a step ahead of criminal activity. Global Ledger is proud to be leading this charge, ensuring that Panama’s regulatory evolution aligns with its ambitions to be a crypto-friendly hub in Latin America,” commented Global Ledger co-founder and CEO Lex Fisun. 

“This collaboration underscores our commitment to supporting Latin American countries in their pursuit of innovation, financial transparency, and regulatory rigour. Through this AML training program, we are fostering a culture of compliance while empowering Panama’s legal professionals—including judges—to tackle the unique challenges posed by digital assets,” concluded Rodrigo Icaza, Director of the Board of The Chamber of Digital Commerce and Blockchain.

About Global Ledger

Founded in 2019, Global Ledger is a Swiss company providing cryptocurrency AML risk analysis, blockchain forensics, and cybercrime investigation tools. For banks, GL automates compliance processes according to FATF and MiCA standards. For VASPs, it offers AML/CTF solutions to protect businesses from illicit activities. GL also supports regulators and law enforcement with tools to monitor and combat illegal crypto activities.

About The Chamber of Digital Commerce and Blockchain

It is a leading organization dedicated to fostering the responsible growth and adoption of blockchain and digital asset technologies across Latin America. As a hub for innovation, collaboration, and education, the Chamber brings together industry leaders, policymakers, and regulatory bodies to advance blockchain’s potential for transparency, efficiency, and economic development. With a focus on shaping forward-thinking regulatory frameworks and providing high-impact training programs, the Chamber is committed to driving digital transformation and establishing best practices within the crypto and blockchain ecosystem.

About Panama Legal Group

It is an international law firm specializing in corporate law, business administration, startups, emerging technologies, innovation, public policy, migration, and public contracting and procurement. The firm offers practical solutions tailored to clients’ needs, ensuring an optimized experience. Located in Panama City, Panama Legal Group is committed to providing accessible legal services, emphasizing efficiency and personalized attention.