Panama published Law No. 129 of 17 March 2020 in the 20 March 2020 edition of the Official Gazette. The law provides for the creation of a registry of ultimate beneficial owners of legal entities. With the new registry, resident agents are required to register information on legal entities and their ultimate beneficial owners within 30 days of the entity's registration in the Public Registry of Panama or within 30 days of the date the agent is appointed. Changes in information must also be registered within 30 days of a change. Failure to fulfill the register obligations will result in...