Panamanian Banks Warn about Taxation Agreements

©image: Asociación Bancaria de Panamá

This issue and regulatory management were the center of debate over Panamanian banks' competitiveness and their future in the 19th banking conference, organized by the Panamanian Banking Association (ABP).

"While ABP acknowledges that coming off the OECD's 'gray list' will have a positive impact for Panama and the financial system, it is concerned that one of the central clauses of the agreements being signed is the exchange of information, which could affect banking confidentiality," reports Prensa.com.

OECD is the Organization for Economic Co-operation and Development.

Source: Prensa.com

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