Master Card Exposed For Money Laundering in Panama | Monte Friesner Financial News |

FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
            

INVESTIGATION INVOLVING “IGNACIO PLATA” OF MASTER CARD APPROVING ANONYMOUS PRE PAID CARDS IN PANAMA EXPANDS | 

WANTED SA has been investigation and analyzing several companies in Panama for the past number of years and especially PANA TRANSFER SA, which is considered to be Money Laundering & “Capturing Money” according to the translation and interpretations of Superintendent of Banks in Panama and also Mr. Ricardo Quijano who is the Minister of Commerce & Industries in Panama (MICI).

However, both of these Ministries have protected and allowed PANA TRANSFER SA to operate and continue their operation without any form of inspection, investigation or even a complaint file being opened up. Could this be a typical corruption concept of pay offs or is one of the Ministries or both involved in some form of business venture?

In speaking with individuals at PANA TRANSFER SA we were advised that Mr. David Lucio Plata contacted the principals almost 2 years ago and offered to create the Master Card project for them and obtain an Operating License for a onetime cost of ONE HUNDRED THOUSAND DOLLARS $100,000.00 as payment for the Ministry of Commerce & Industries (MICI). Mr. Plata advised the principals that he received their name from Master Card in Panama.

WANTED SA discovered in March of 2011 that a company in the Republic of Panama was approved by the Ministry of Commerce & Industry (MICI) for an Operation License under the name of PANA TRANSFER SA to begin operation sometime in June of 2011. This firm was granted authorization to distribute & sell “DEBIT CARDS, PREPAID CARDS, CREDIT CARDS & PRE PAID SERVICES”.

Upon further investigation WANTED SA discovered that Mr. David Lucio Plata who is a close relative of Mr. Ignacio Plata – General Manager of MasterCard in Panama was also listed as the “LEGAL REPRESENTATIVE” of another Financiera in the Republic of Panama that also issues Master Card products in Panama. Mr. Plata as an inducement did declare that a Minister in Panama was a partner in the operations and would protect all interests.

Upon further investigation WANTED SA now discovered that Mr. Ricardo Quijano who is the Minister of Commerce & Industries (MICI) and his family have a vested interest as major shareholders of this particular Financiera in Panama. In any country including the USA a Minister must declare where there is a Conflict of Interest as there is a major issue in this situation; however, during an interview on National TV in Panama called TeleMetro, Mr. Quijano several weeks ago refused to either confirm or deny when openly asked this question.

• More to follow on this Money Laundering Scam and the Parties and Government Officials in Panama who are directly and indirectly involved and who covered up for Pana Transfer SA.

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

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