B42

The FATF definition of International organisations refers to entities established by international treaties that are not treated as resident institutional units of the countries in which they are located. [R1.1][R2.1] Although the Foreign Trade Bank of Latin America benefits from certain privileges and immunities and is owned by the governments and central banks of multiple countries it is a corporation established under the domestic law of Panama.[R12] Accordingly, it has been assessed as not meeting the FATF definition of International organisation.