PANAMA'S SUPREME COURT OF JUSTICE REMAINS IN CHAOS

FROM THE - CHRONICLES Of Andrei Slavenkov Netherlands –  Analyst For Wanted SA ~ Contributed & Written By Kenneth Rijock ~

Chief Justice Jose´Ayú Prado

José Ayú Prado, the Chief Justice of the Supreme Court of Justice of Panama, the country's highest court, declined calls to step down, notwithstanding multiple ongoing corruption investigations, and actual cases, in a judicial situation that can only be described as chaotic. He was ultimately suspended, but refused to leave office.

Many prominent individuals in Panama have called for the resignation, and replacement, of all the Justices, due to allegations, many already proven by compelling evidence, of rampant corruption. The Court is regarded by lawyers in North America as a quagmire of corruption, where bribes and kickbacks, to purchase or delay justice, are the order of the day.

One of senior judges, who has stated that many decisions of the Court were illegally influenced by the former president of Panama, Ricardo Martinelli, has been criticized by the remaining justices, including Ayú Prado, who has arrogantly demanded that proof be produced. The Supreme Court is in disarray, and the agency that is responsible for discipline in the Court appears to be toothless, and powerless to act.

Foreign investors and financial institutions are no longer considering extending credit, having a client invest, or making any financial transaction with a Panamanian company, where there is a receivable involved. The risk levels at this time are deemed to be to elevated to conduct any international business transactions into, or through, the republic of Panama.

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WHY ARE ALL THOSE IRANIAN VESSELS ARRIVING IN IRAQ ?

If you paid attention in geography class, you know that Iraq and Iran share a long common frontier. Therefore, why are twelve of the twenty arriving vessels tied up in Iraqi ports listed as Iranian ships ? They certainly do not need this kind of maritime commerce and the two countries enjoy extensive connecting motorways. The answer will probably be of interest to you, because it does involve risk of sanctions violations on your part.

These ships, or most of them, according to Iraqi authorities, are carrying seaborne containers, automobiles, pipes, and a variety of cargo that is obviously destined for Iran, but evading international sanctions by being delivered to Iraq, and thereafter transported to Iran. That makes the Iraqi Government complicit in sanctions evasion, don't you think ? Do they care what we think ? I seriously doubt it.

It is suggested that, if you are funding shipments to Iraq, whether your clients are selling goods there, or you are financing exports to Iraq, that you obtain notarised End User Certificates, attesting to the identity of the actual recipient of the products. To do otherwise may be later interpreted by regulators to mean that your compliance with Iran sanctions regulations was less than adequate. Avoid the fines & penalties by keeping your clients honest; are the goods actually ending up in Iraq, or elsewhere ?

~Contributed & Written by Kenneth Rijock ~