Panama's Superintendency of Banks reported on the Financial Coordination Council’s second ordinary meeting of 2025, held at the supervisor’s premises, focusing on strategic priorities to strengthen and safeguard the stability of the national financial system. Key discussions included progress on preparing for the Fifth Round of Mutual Evaluations and the national strategy being developed in response to recent changes introduced by the Financial Action Task Force (FATF). Updates presented during the session covered financial-sector risk analysis, Council statistics and key indicators, and data from the Council’s Financial Innovation Hub. The Superintendency of Banks also reported progress in assessing a single “Know Your Customer” (KYC) form as a due diligence tool, and shared preliminary results from the International Monetary Fund’s follow-up visit conducted between March and April 2025 under the Financial Sector Assessment Program (FSAP).
Superintendencia de Bancos de Panama 2025-06-25
Panama's Superintendency of Banks convenes the Financial Coordination Council to advance the FATF response strategy and review KYC and FSAP work
Panama's Superintendency of Banks outlined strategic priorities from the Financial Coordination Council's 2025 meeting, focusing on national financial stability. Discussions included preparations for the Fifth Round of Mutual Evaluations and a national strategy in response to Financial Action Task Force changes. Updates covered financial-sector risk analysis, Council statistics, and progress on a single "Know Your Customer" form.