Costa Rica vs Panama: country risk compared

Panama currently carries the higher assessed risk (5.1 vs 4.8 on the RegActions 0-10 scale), driven by higher governance and institutions risk (4.4 vs 3.1).

🇨🇷 Costa Rica (4.8/10, Moderate) vs 🇵🇦 Panama (5.1/10, High).

Side by side

IndicatorCosta RicaPanama
RegActions risk score4.8/10 (Moderate)5.1/10 (High)
FATF statusNot currently listedNot currently listed
Sanctions postureNo listed programme identifiedNo listed programme identified
Governance: rule of law (WGI risk)3.7/104.6/10
Corruption (CPI)56/100 (rank #46)33/100 (rank #116)
EU tax list (Annex I)Not listedListed
Egmont FIU memberYesYes
Last FATF mutual evaluation20152018
BO registerRestricted (live since 2019)Restricted (live since 2020)

FATF mutual evaluations

  • Costa Rica: last mutual evaluation 2015 · report
  • Panama: last mutual evaluation 2018 · report

Full country reports

Related comparisons

Active methodology 3.1.0; Costa Rica is complete with low confidence and Panama is complete with low confidence. FATF listings and sanctions are shown as regulatory overlays; CPI and enforcement volume are contextual, not score inputs. Scoring methodology.