Welcome to the Panama Weekly News Roundup! Here’s the latest.
Panama vows to combat drug trafficking, asks for help to eliminate ‘blood money’ driving scourge
The most effective way to solve problems that affect the world’s people is by placing human beings at the centre of all decisions, the President of Panama told the United Nations General Assembly today, stressing that his country, which joins North and South and which is bordered by the Atlantic and Pacific Oceans, would continue to be a beacon of cooperation and understanding.
“I have always been aware of Panama’s calling as facilitator of dialogue and understanding; a country [that will] work in the service of the international community [and] contribute our resources to address the common problems affecting the region” contributing to wider peace and security, Juan Carlos Varela Rodriguez said in his address to the Assembly’s annual general debate.
A New Digital Currency, AML Bitcoin, Makes Landfall In Panama.
As America braced itself for Hurricanes Harvey and Irma in the past few weeks, the cryptocurrency world endured its own massive storm. Though prices are rising once again, the most popular digital currency, Bitcoin, plummeted on news that China shuttered all cryptocurrency exchanges, and JP Morgan Chase Chairman Jamie Dimon threatened to fire any of his traders who bought the coin.
To add fuel to the fire, North Korea announced it would increase its attempts to hack into the South Korean Bitcoin exchanges to steal billions of dollars in Bitcoin and evade global sanctions, making the anonymous digital currency — already the choice of terrorists, drug dealers and organized crime around the world — seem unstable and dangerous. This perfect storm ravaged the digital currency world.
Source: Investors Business Daily
Panama to extradite ex-Mexico governor on corruption charges
Mexican prosecutors say Panama has agreed to extradite a fugitive ex-governor sought on for corruption charges. A statement Monday from the Attorney General’s Office says former Gov. Roberto Borge can still appeal the Panamanian’s government’s decision. He was detained in Panama in June before he was to board a flight to Paris.
Borge was governor of Quintana Roo from 2011 to 2016. The Caribbean coast state is home to Cancun and other resorts. Prosecutors seized 25 state properties worth hundreds of millions of dollars that were allegedly sold to private parties at a fraction of their value during Borge’s time in office. Media reports have linked the buyers to him. Borge is the third ex-governor from President Enrique Pena Nieto’s governing party to face corruption allegations.
Source: Washington Post
5 Reasons Why You Need to Stop Making Excuses About Moving to Panama
Be honest, you’ve been thinking about moving to Panama for some time now, but something always keeps you from pulling the trigger. You do research, you talk with other expats and retirees on forums, you endlessly search and watch videos on YouTube, and you even daydream about it. If any of this resonates with you, you’re not alone.
1. You’re not getting younger.
As each year goes by, we all age. We all see our future in a different light, and spend our time as we see fit, year after year. If you’re spending years considering your move to Panama without actually doing it, think of all the time you could have spent actually enjoying the country rather than simply thinking about it. The sooner you do it, the more time you can spend your golden years here. Trust us, you’re not getting younger.
Source: POLS Blog