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Conditions for Panama's Removal from French Blacklist

08 February 2017

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Proposed Changes

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France-Panama

The French Ministry of Economy and Finance has published a release following the meeting between officials from France and Panama concerning the removal of Panama from the French blacklist of non-cooperative states or territories. Panama was added to the list in April 2016, with effect from 1 January 2017 ({News-2016-04-06/A/2- previous coverage}). According to the release, Panama will be removed from the list if the following three conditions are met: Panama signs the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters and complies with the automatic exchange of financial information according to OECD standards (CRS); Panama provides...