Archive for October 6th, 2010

Canadian Scotiabank annonced Wednesday that it has officially taken over the BNP Parisbas wealth management business in Panama and the Cayman Islands as it continues to expand into Latin America and the Caribbean regions. Last month, the bank also introduced a separate global wealth management division as it reworked its structure into four businesses,...
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United States federal prosecutors brought drug trafficking charges against eight Port of New York and New Jersey longshoremen for receiving 1.3 metric tons of cocaine valued at more than $34 million from Panama destined for New York City. US attorney Preet Bharara alleges the longshoremen were paid between $50,000 and $100,000 per duffel bag...
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Panama’s Ministry of Security placed an order for six AW139 medium twin engine helicopters with Italy’s AgustaWestland company for $60 million. Vice Minister of Security, Alejandro Garuz, said the helicopters will be delivered in 2011 to patrol the border with Colombia and support air and naval bases in the fight against drug trafficking. “Panama will...
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