No power cuts today, but then a very late night, as the Chinese community’s fireworks seemed to go on until the small hours.
Among the news here is the story that US Southern Command provided 8 helicopters, 5 giant Chinooks and 3 Black Hawsk, to move some mobile classrooms in an indigenous people’s region. Southern Command, now based in the US, is the successor to the US Army’s Panama Canal Department that was based in the Canal Zone.
The OECD report was published on 16 December and says that high-risk gold originating in Latin America and the Caribbean is often laundered within the region before advancing to destination markets. The report examines the risks and vulnerabilities linked to financial crimes in gold trade through FTZ, focusing on Colombia, Panama, and the Dominican Republic.
PANAMA: COLÓN FREE ZONE REJECTS REPORTS THAT IT IS A HUB FOR GOLD SMUGGLING
On 21 January, accusations by the OECD that the Colon Free Zone (ZLC) serves as a transit for gold smuggling from other countries in the region, have been strongly rejected. A OECD report entitled “Free Zones and Illicit Gold Flows in Latin America and the Caribbean”, published in December, said that the country is “an important transit center for a series of goods, including smuggled gold from other countries in the region”.