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Country financeJune 5 2023

Panama still ideal investment destination, bank execs say

Seven years after the Panama Papers, the country is still on Gafilat’s grey list for deficiencies in combatting money laundering. Barbara Pianese reports. 
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Panama still ideal investment destination, bank execs sayImage: Getty Images

Panama is still a desirable location for international investors, Javier Carrizo, general manager at Banco Nacional de Panamá, and Otto Wolfschoon, president of the Banking Association, said on the sidelines of the Panama Day UK event on May 18. 

Seven years after the Panama Papers, the data leak revealing the secretive offshore companies used to hide wealth, were made public, the country has seen a significant drop in the registration in the country of anonymous and offshore corporations, according to a press report. 

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Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.
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