title: PA — Consumer Protection & APP Fraud (W10) | World Payments Monitor canonical: https://payments.gi/jurisdictions/panama/w10/ ### W10 Consumer Protection & APP Fraud Probable re-verified 2026-10-18 · changed 2026-07-04 Consumer protection for payments splits between ACODECO (general commercial/advertising complaints under Law 45 of 2007, competence up to US$5,000, US$30,000 for vehicles) and the SBP (banking-specific consumer complaints); there is no dedicated APP-fraud mandatory-reimbursement regime, and refund mechanics for misdirected instant-payment transfers rely on voluntary bank features rather than statutory liability rules. Standing sub-brief · as of 4 July 2026 140 words · last cycle 2026-07-04 #### Consumer Protection & APP Fraud Under Law 45 of 2007, ACODECO can decide directly only on consumer complaints up to US$5,000 (US$30,000 for vehicles under Law 14 of 2018); beyond those thresholds consumers must pursue ordinary courts, and no dedicated APP-fraud mandatory-reimbursement regime exists in Panama's regulatory architecture. Because Panamanian banking regulation prevents banks from unilaterally debiting a client's account for a misdirected transfer without authorization or a court order, Banco General added a voluntary immediate-refund function to Yappy after user complaints — illustrating reliance on industry practice rather than a statutory misdirected-payment liability regime. #### Outlook Without a statutory misdirected-payment or APP-fraud reimbursement rule, consumer protection for e-money customers will likely continue to depend on voluntary industry practice such as Yappy's refund feature rather than an enforceable regulatory entitlement, a gap Draft Law 314 does not appear to address directly. no periodic updates on record for this sub-brief ** Sources and findings (4 unique sources · R-3/R-4)** 1. [W10-E1] T3 Derived: Probable [in_force https://lawgratis.com/blog-detail/consumer-law-panama](https://lawgratis.com/blog-detail/consumer-law-panama) re-verified 2026-07-04 Consumer Law in Panama is primarily governed by the Consumer Protection Law (Ley 45 of 2007) and regulated by ACODECO and MICI, covering rights to safety, fair treatment, accurate information, and redress in disputes. 2. [W10-E2] T1 Derived: Confirmed [in_force https://www.superbancos.gob.pa/en/sac/preguntas-frecuentes](https://www.superbancos.gob.pa/en/sac/preguntas-frecuentes) re-verified 2026-07-04 ACODECO processes bank customer complaints only for specific matters such as misleading advertising, credit records, retiree benefits and commercial warranty/product-quality matters, while other banking consumer-protection complaints are filed directly with the SBP. 3. [W10-E3] T3 Derived: Probable [in_force https://fmm.com.pa/panama-and-consumer-protection-in-the-digital-era/](https://fmm.com.pa/panama-and-consumer-protection-in-the-digital-era/) re-verified 2026-07-04 ACODECO can only decide directly on consumer complaints up to a defined value threshold (US$5,000, or US$30,000 for vehicles under Law 14 of 2018), beyond which consumers must pursue ordinary courts. 4. [W10-E4] T3 Derived: Probable [in_force https://newsroompanama.com/2024/04/27/banco-general-yappy-makes-an-important-update/](https://newsroompanama.com/2024/04/27/banco-general-yappy-makes-an-important-update/) re-verified 2026-07-04 Because Panamanian banking regulation prevents banks from unilaterally debiting a client's account for a misdirected transfer without account-holder authorization or a court order, Banco General added a voluntary immediate-refund function to Yappy after user complaints about erroneous transfers.