Belize vs Panama: country risk compared

Belize and Panama currently carry a similar assessed risk (4.7 vs 4.8 on the RegActions 0-10 scale), so differentiate on the specific drivers below.

🇧🇿 Belize (4.7/10, Moderate) vs 🇵🇦 Panama (4.8/10, Moderate).

Side by side

IndicatorBelizePanama
RegActions risk score4.7/10 (Moderate)4.8/10 (Moderate)
FATF statusNot currently listedNot currently listed
Sanctions postureNo listed programme identifiedNo listed programme identified
Rule of law (WGI risk)5.1/104.6/10
Corruption (CPI)36/100 (rank #104)33/100 (rank #116)
EU tax list (Annex I)Not listedListed
Egmont FIU memberYesYes
Last FATF mutual evaluation20252018
BO registerRestricted (live since 2023)Restricted (live since 2020)

FATF mutual evaluations

  • Belize: last mutual evaluation 2025 · report
  • Panama: last mutual evaluation 2018 · report

Full country reports

Related comparisons

Scores combine World Bank WGI governance, FATF listing status and sanctions exposure; CPI and enforcement volume are shown but not scored. Scoring methodology.