The Superintendency of Banks of Panama (SBP), together with the Panamanian Banking Association (ABP) and experts from the Inter-American Development Bank Group (IDB Group), presented updated Integrity Guidelines for the banking sector, aimed at strengthening Panama’s banking integrity framework by incorporating international best practices adapted to local conditions. The revised Guidelines are intended for banks with general and international licences, as well as other financial institutions operating in Panama, and are positioned as a reference to reinforce integrity programmes, corporate governance and anti-corruption compliance. The update follows a participatory process launched in 2022 involving regulators, banks and technical specialists, supported by the IDB Group and ABP, and was informed by a 2024 survey sent to 54 banking entities, with 51 responses. As part of implementation, working sessions were held with compliance officers and commercial teams to discuss the changes and provide practical guidance on application.
Superintendencia de Bancos de Panama 2025-05-07
Superintendency of Banks of Panama releases updated Integrity Guidelines for the banking sector
The Superintendency of Banks of Panama, with the Panamanian Banking Association and the Inter-American Development Bank Group, has introduced updated Integrity Guidelines for the banking sector. These guidelines aim to enhance Panama's banking integrity framework by integrating international best practices tailored to local conditions. The update involved input from regulators, banks, and technical specialists.