Panama's Ministry of Foreign Relations has announced that on 8 June 2017, officials from Mexico and Panama signed a competent authority agreement for the automatic exchange of financial account information. The agreement is the first of its kind signed by Panama for the implementation of the OECD Common Reporting Standard (CRS), which Panama committed to in 2016. The first exchanges are to take place by September 2018.
The announcement also notes that negotiations for similar agreements are…