Panama has developed over the past years as an important international banking center. There are various advantages that have contributed to its development. Some of them have been in effect for many years, such as:
All banks operating in Panama require a license issued by the Superintendency of Banks, the regulatory and supervisory body, under stringent regulations.
The recently revised law regulating banking activities includes the Basel Directives on International Banking. For additional information, you may access the web page of the Superintendency of Banks, at www.superbancos.gob.pa.