The Global Forum rated Panama overall Partially Compliant with the international standard on transparency and exchange of information on requests handled over the period from 1 April 2015 to 31 March 2018. Since its last report in 2016, Panama has taken measures to address the recommendations, including strengthening its strike-off of inactive entities and requiring all entities to maintain accounting records. Some important challenges remain to ensure the availability of accounting information and beneficial ownership information. Panama should also strengthen its supervisory programmes to ensure these types of information are kept in practice. During the review period, Panama received 302 requests and sent 20 requests. Panama provided only partial information to 46% the requests it received. Panama should ensure that it can fully respond to EOI requests in a timely manner.