Regulatory Alerts2020-12-15
Agreement No. 014-2020 of December 15, 2020, Modifying Article 5 of Agreement No. 002-2019
The Board of Directors of the Superintendency of Banks of Panama issued Agreement No. 014-2020 to modify Article 5 of Agreement No. 002-2019. This amendment extends the compliance deadline for banking and fiduciary entities to incorporate client tax information into their due diligence processes until May 15, 2021. The agreement entered into force upon its promulgation on December 15, 2020.
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