Harmodio Quintero, Director of the Panamanian chapter of SWIFT said that in 2008 the transactions made at Banks located in Panama represented 5% of all transactions made through this system in Latin America.
Reporter Angel Lopes writes in Laestrella.com.pa: “The increase of interbank transactions registered in Panama would confirm the country as an economic power in the region, after reporting economic growth of 9% last year, in the middle of the crisis and above Latin America’s percentage.”
The government wants to make progress in meeting OECD requirements in order to bring the country out of the list of "gray" countries regarding tax information exchange.
An article in Prensalibre.com reports that Pavel Centeno, finance minister, said that "Guatemala has not advanced in the work to meet all the demands of the Organization for Economic Cooperation and Development (OECD), since one of the points pending is the opening of bank secrecy for tax issues, it risks staying on the gray list of non transparent countries. "
Banking technology experts from A.L. analyze the latest advances in the system for sharing financial information between banks.
During the forum, experts will tackle, among other topics, the opportunities for Latin American banks with respect to remittances.
The president of the organization in Panama, Harmodio Quintero, informed Prensa.com: “…during the congress different topics related to the latest banking solutions will be analyzed. The benefits that this system has to offer to the business sector will also be discussed.”
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