FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
MASTER CARD INTERNATIONAL APPROVED SALE & DISTRIBUTION OF ANONYMOUS PRE PAID CARD IN PANAMA |
WANTED SA has been investigation and analyzing several concepts of Pre Paid, Debit & Credit Master Card and Visa being issued in Latin America plus varieties of private issued card by Bus Companies, Department Store and Gift companies and was shocked to discover that this market is not only none regulated in Panama but operating licenses are issued by the Ministry of Commerce & Industry whose Minister is Mr. Ricardo Quijano without any form of Compliance, Due Diligence or Know Your Client regulations (KYC).
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”.
Pana Transfer SA is not a Financiera nor any bank in Panama; however, MICI granted them authorization to collect, deposit and conduct various financial & banking activities with only Capital of $70,000.00 which could be verified in any manner. IGNACIO EDUARDO PLATA who is the General Manager for Master Card International approved this firm to distribute and sell Master Card in Panama which cards could be transferred to any country in Latin America, USA, and Canada or even in the Islamic Republic of Panama. The Database of MasterCard can pinpoint the use of every card in any country and has a precise record of the use of the card.
However, on further investigation we learned that the MasterCard pre paid cards sold by Pana Transfer SA does not require a purchaser to submit any form of ID; such as Passport nor Cedula or even a Driver License and the card can be transferred to anyone around the world for use at any Bank that accepts MasterCard, ATM for any other form of business on the Internet.
A person or company can purchase for $25.00 one card or 1000 cards without any names on the MasterCard and deposit your $500.00 per card each day or up to $15 Million Dollars per month. The money then appears on the Master Card approximately 2 days later for use anywhere in the world. This is a very unique method of moving $15 Million USD anywhere in the world undetected.
The representative for Pana Transfers SA advised our legal department that a special incentive cost would be considered if someone wanted to purchase 5000 or even 10,000 cards for use in a corporation or for the transfer of money even to the USA, Argentina or to family in the Middle East. Each card accepts a deposit of $500.00 for use 2 days later.
MICI and the Superintendent of Banking for Panama were both informed of these activities in September of 2011 and did not take any form of action which we will clarify in the next article and Ignacio Plata of Master Card refused to return any of our calls; however, Pana Transfer SA continue their form of banking in Panama.
WANTED SA contacted Master Card International during a conference with their legal depart and franchise department on July 24, 2012 and informed them that we had contacted Law Enforcement in the USA reporting the activities of Pana Transfer SA IN THE Republic of Panama. Master Card did not desire to discuss the information and advised us that the operation in Panama was legal.
- 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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