The Financial Coordination Council (CCF) held last Tuesday its 2025 second ordinary meeting at the offices of the Superintendency of Banks of Panama (SBP), where strategic issues were addressed to strengthen and stabilize the national financial system.
The session featured the courtesy of the presence of Isabel Vecchio, Director of International Financial and Fiscal Strategy at the Ministry of Economy and Finance (MEF), who presented updates on preparations for the Fifth Round of Mutual Evaluations, as well as risk analysis for the financial sector. Ms. Vecchio also shared details on recent changes promoted by the Financial Action Task Force (FATF) and the national strategy that will be implemented in response to these new directions.
During the meeting, several important technical reports and sector-relevant analyses were also presented. Ms. Delia Cuan, Manager of Financial Analysis and Statistics at the SBP’s Financial Stability Directorate, discussed the Council’s key statistics and indicators. Meanwhile, Mr. Cristóbal Gómez, Acting Director of Strategy and Transformation at the SBP, presented data from the CCF’s Financial Innovation Hub.
Additionally, Ms. Ana Raquel Velasco, Director of Regulation at the SBP, provided a report on progress in evaluating the “Know Your Customer” form, an essential tool for financial due diligence. Ms. Kathy de Guardia, Director of International Affairs and Projects at the SBP, shared the preliminary results of the International Monetary Fund’s (IMF) follow-up visit, conducted between March and April 2025, under the Financial Sector Assessment Program (FSAP).
The CCF is chaired by the Superintendent of Banks, Mr. Milton Ayón Wong, with the participation of Mr. Kuldip Singh, General Secretary of the SBP and Technical Secretary of the CCF.
Through these actions, the CCF reaffirms its commitment to inter-institutional coordination and the strengthening of policies that promote transparency, innovation, and strength in the national financial system.
