The beginning of the automatic exchange of information between financial institutions between USA and Panama has been postponed until September 30, 2016.

From a statement issued by the Ministry of Economy and Finance:

The Ministry of Economy and Finance (MEF) today informd the Panama Banking Association (ABP) that the United States Department of the Treasury announced in writing to the Panamanian government its intention to continue treating the Republic of Panama as if the Intergovernmental Agreement (IGA) negotiated between the two countries to implement the Foreign Account Tax Compliance Act (FATCA) were in force, provided that Panama continues to demonstrate its willingness to sign it.

This information was formally presented to the president of the ABP, Jaime Moreno, through a letter signed by the Minister of Economy and Finance, Dulcidio De La Guardia.