Panama joins international tax co-operation efforts to end bank secrecy
Panama signed up to the OECD’s CRS Multilateral Competent Authority Agreement (CRS MCAA). In doing so, Panama became the 98th jurisdiction to join the CRS MCAA, which is an international agreement for implementing automatic exchange of financial account information.
The signing of the CRS MCAA will allow Panama to activate bilateral exchange relationships with the other jurisdictions that have so far joined the CRS MCAA.