A corporate bank account can be opened in Panama by local companies as well as foreign companies. Panama has been removed from the FATF list, which includes countries with a high level of risk in terms of financial security. International banks in Panama do not require clients to travel to the country to meet with a bank specialist in order to begin the procedure for opening a bank account. The country has committed itself to implementing the OECD reporting standard for the AEOI, which controls the automatic exchange of information. http://www.confiduss.com/en/info/blog/ar...opening-panama/