The bank statements will be sent wherever you choose.  Some of our clients choose to NOT have the bank send the statements at all.  It is entirely up to you.  If you have more than one signatory on the account you can have a statement sent to each signatory if you wish.

Neither the registered agent, nominee trustees nor anyone else you do NOT specify will get a copy of your bank statements or records.  Panama law protects you from anyone getting your information that you do not expressly permit to see your information (Punishable by imprisonment.)