Panama has consolidated as a legitimate LatAm-facing licensing hub. Post-FATF delisting (October 2023) and EU AML delisting (March 2024), the trajectory is moderate AML/KYC tightening. The AML legislative stack (Laws 70/116/123 of 2019; 124/129 of 2020; 254 of 2021; Executive Decrees 905/2019, 721/2020, 13/15/35 of 2022) is in force. Market remains open to private operators.
Jurisdictions › Panama › Outlook
Panama · Question 11 of 11
Outlook: What is coming?
Mixed · Probable · AI-generated · Back to full Panama report →
Key section parameters
| Jurisdiction | Panama (PA) |
|---|---|
| Regulator | Recorded in register |
| Favourability | Mixed |
| Confidence | Probable |
| Review status | AI-generated |
| Last collected | 18 Oct 2026 |
Summary answer
Panama has consolidated as a legitimate LatAm-facing licensing hub. Post-FATF delisting (October 2023) and EU AML delisting (March 2024), the trajectory is moderate AML/KYC tightening. The AML legislative stack (Laws 70/116/123 of 2019; 124/129 of 2020; 254 of 2021; Executive Decrees 905/2019, 721/2…