[Offshore]

Panama will cooperate in cases of: narcotics trafficking , terrorism, money laundering, and child pornography. Countries have what is called MLAT (Mutual Legal Defense Treaties) that calls for the release of information under certain circumstances. Most offshore countries have Tax Treaties that call for the release of other information to other countries in the treaty. Panama has no tax treaties with other countries being the only offshore banking and incorporation jurisdiction without any tax treaties. In Panama tax offenses are considered civil offenses. As a general rule the MLAT treaties require that the crime being investigated by the requesting country must also be a crime in the country the information is being requested from.

Panama Brokerage, Offshore Forex Accounts