In the ruling of February 29, 2024, the Third Chamber of Contentious-Administrative and Labor of the Supreme Court of Justice rejected the notion that the principle of confidentiality of banking information, as contemplated in Articles 110 and 111 of Decree Law 9 of 1998 (as amended), which regulates the banking regime, prohibits the Superintendency of Banks of Panama from disclosing banking information without the consent of the clients. The justices clarified that, although Decree Law 9 of 1998 (as amended) establishes that the Superintendency of Banks cannot disclose confidential banking information to third parties, the law provides an exception when the requester is a “competent authority.” Therefore, the Superintendency of Banks must disclose the banking information when the request comes from a competent authority. Additionally, the justices pointed out that, during judicial inspections ordered by the courts, the banking information must be accessible so that the experts can complete the tasks for which they were appointed.