PA
Panama
Law 23 (2015) + UAF Agreements
- Threshold
- USD 10,000 cash · any suspicious amount
- Authority
- Financial Analysis Unit (UAF)
- Requirements
- Obligated party KYC · Enhanced PEP · ROS report · UN/OFAC lists
ResourcesLATAM real estate
Compliance
LATAM real estate
compliance guide.
KYC, AML, sanctions, PEP. What each country requires, and how Orkasa automates the mechanical parts so you can focus on the risk decision.
What Orkasa covers
KYC / Know your customer
Collection of identification, proof of address, source-of-funds declaration. ID verification against the civil registry when applicable.
Screening against lists
Automatic match against OFAC, UN, EU and local lists. Real-time alerts, immutable log of every verification.
PEP / Politically Exposed Persons
Detection of public officials, their family and close associates. Triggers enhanced due diligence and automatic senior approval.
Regulatory reports
Automatic ROS / SAR draft in local format. Maintains chain of custody and hashes for audit.
Regulatory frameworks by country
Executive summary. The full guide with annotated articles is in the documentation.
CO
Colombia
SUPERFINANCIERA External Circular + UIAF
- Threshold
- USD 10,000 or equivalent in COP
- Authority
- Financial Information and Analysis Unit (UIAF)
- Requirements
- SARLAFT · PEP screening · ROS · UN/OFAC lists
DO
Dominican Republic
Law 155-17 + Dominican UAF
- Threshold
- USD 15,000 cash · any suspicious amount
- Authority
- Financial Analysis Unit (UAF)
- Requirements
- Due diligence · PEP · ROS · UN/OFAC lists
CR
Costa Rica
Law 8204 + SUGEF Regulation
- Threshold
- USD 10,000 cash
- Authority
- SUGEF · ICD
- Requirements
- Know your customer · PEP · ROS · UN/OFAC lists
MX
Mexico
LFPIORPI + SHCP Regulation
- Threshold
- Vulnerable activities: 8,025 UMAs (~USD 50K) real estate
- Authority
- SAT · UIF
- Requirements
- Identification · SAT notice · PEP · UN/OFAC lists
Frequently asked questions
- When should I start the KYC flow?
- When a negotiation moves from "general interest" to "concrete commitment" — typically when signing a purchase option, receiving a reservation, or when the amount exceeds the local threshold. Orkasa triggers it automatically when the lead changes to "negotiating" or "viewing scheduled".
- What documents does the flow require?
- Individual: current ID/passport, proof of address (<3 months), source-of-funds declaration, PEP declaration. Legal entity: certificate of existence, tax ID, identification of beneficial owners (≥25%), valid powers of attorney.
- How is screening against lists performed?
- Orkasa automatically matches against OFAC SDN, UN Sanctions, EU Consolidated List, and local lists (UAF Panama). Positive match = automatic block and alert to the compliance officer.
- What is a PEP and why does it matter?
- Politically Exposed Person — high-ranking public officials, their family members and close associates. Operations with PEPs require enhanced due diligence (detailed source of funds, senior approval, continuous monitoring).
- Does Orkasa generate the ROS automatically?
- It generates the draft in a format compatible with the local authority (UAF, UIAF, etc.) with all operation data. The compliance officer reviews and signs before submission. Orkasa records date and hash of the submission for audit.
- How do you handle personal data?
- We comply with Panama's Law 81, GDPR for European customers, Colombia's Law 1581. RLS scoped by brokerage_id, encryption at rest, ARCO rights available from the lead panel. See the full policy at /privacidad.