RUSI Free-Trade Zone Risk Assessment Tool: Launch Event: Panama

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This event explores Panama's experience of detecting and preventing crime-related risks in free-trade zones.


This event is in Spanish. Simultaneous interpretation into English will be provided.

Free-trade zones (FTZs) make a vital contribution to the economic prosperity of many countries, but are fraught with risks of crime. Ensuring high governance standards and preventing crime in FTZs is therefore an essential – but often overlooked – subject.

Since April 2019, the Royal United Services Institute (RUSI), the UK’s oldest defence and security think tank, has been working with Grupo FARO (Foundation for the Advance of Reforms and Opportunities) on a project that explores best practices in preventing crime in FTZs, with a particular focus on Panama, Morocco, Singapore and the UAE.

The project has demonstrated that, despite global advances such as the publication of the OECD Code of Conduct for Clean FTZs, private-sector businesses often find it difficult to distinguish between compliant (clean) and non-compliant (risky) FTZs.

To remedy this gap, RUSI has developed a freely-available online risk assessment tool that helps banks, insurance companies, shipping lines and freight forwarders assess their exposure to the risk of facilitating crime as a result of operating in an FTZ.

This event will feature a presentation of the tool, as well as a discussion among experts on the challenges and best practices involved in assessing the risks of illicit trade and financial crime in FTZs.

The development of RUSI’s risk assessment tool has been funded by PMI Impact, an anti-illicit trade funding initiative of Philip Morris International.

Speakers

  • Elliott Miller, Her Majesty’s Treasury (UK)
  • Isabella Chase, Royal United Services Institute
  • Giovanni Ferrari Francucci, Colon Free Zone Administration (Panama)
  • Laura Chiari, Superintendencia de Sujetos no Financieros (Panama)

Chair: Estefanía Terán, Grupo FARO

Free Trade Zone Risk Assessment Tool

This Free Trade Zone Risk Assessment tool enables businesses to assess their exposure to the risk of facilitating illicit trade or financial crime in any FTZ

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Supported by

  • PMI Impact

    The development of RUSI’s risk assessment tool has been funded by PMI Impact, an anti-illicit trade funding initiative of Philip Morris International.

Event speakers


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