RegAlertRule · SBP · 6 Oct 2026
SBP-DR-CIRCULAR-2026-0102: Issuance of Agreement No. 8-2026
Agreement No. 8-2026 establishes control guidelines and measures that banking entities must apply as either the ordering bank or the beneficiary bank for electronic fund transfers initiated by clients via electronic channels such as online banking, mobile banking, and mobile wallets. These measures require the ordering client to verify the beneficiary's information before approving the transfer to mitigate errors and associated risks. The agreement enters into force nine months after its publication in the Official Gazette.
October 6, 2026
SBP-DR-CIRCULAR-2026-0102
Mr./Ms.
General Manager
City
Reference: Issuance of Agreement No. 8-2026
Mr./Ms. General Manager:
We permit ourselves to inform you that the Board of Directors of this Superintendency has issued Agreement No. 8-2026 of September 22, 2026, “Which establishes guidelines on necessary control measures for the verification of electronic fund transfers within the national territory.”
Through the aforementioned Agreement, guidelines and control measures are established that banking entities, in their capacity as either the ordering bank or the beneficiary bank, must apply in electronic fund transfer operations conducted by their clients through electronic channels such as online banking, mobile banking, and mobile payments or wallets. These measures will allow the ordering client to verify the beneficiary's information before approval, in order to mitigate errors and risks associated with said operation.
This Agreement will enter into force within a period of nine (9) months, from its promulgation in the Official Gazette.
Attached you will find a copy of the Agreement, the text of which can be consulted through our website www.superbancos.gob.pa in the regulations section.
We thank the Mr./Ms. General Manager for issuing pertinent instructions to the personnel under your charge for the compliance with the present.
Sincerely,
Milton Ayón Wong
Superintendent
Attachment: As indicated.
ARV/vc
“Solidity and trust: guarantors of the rights of banking consumers” Av. Samuel Lewis, Panama Business Tower, ground floor - Tels.: (507) 506 7800 / (507) 506-7900 - Fax (507) 506-7700 / 506-7703 P.O. Box 0832-2397 W.T.C. Panama, Republic of Panama - www.superbancos.gob.pa - email: superbancos@superbancos.gob.pa Official document signed with a Qualified Electronic Signature in the Document Transparency System – TRANSDOC of the Superintendency of Banks of Panama, in accordance with Law 83 of 09/11/2012 and Executive Decree No. 275 of 11/05/2018. Use the QR Code to verify the authenticity of the document or the URL:
https://sigob.superbancos.gob.pa/consulta?id=WReK0XuC2vmk26sERcnCZewgPRBb6iltQHgkTM0j2oo%3D
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