Also in 2005, Zacharias (Zacky) Nujoma, youngest son of Sam Nujoma, set up two holding companies, Avila Investments and Marbella Investments, and licensed them to buy and cut diamonds. Shortly afterwards 90% of the stock was transferred to Diamond Ocean.[209] In 2006 Nujoma established Ancash Investments, which obtained seven exclusive uranium prospecting licenses.[209] Palazzolo loaned the company US$10 million.[209] Canadian mining company announced it would partner with Ancash in its uranium contracts and said it based its decision in part on Ancash's strong international support in Natural Earth International Ltd. of Hong Kong.[209] Natural Earth is another Deutsche Investment company.[209]
The Panama Papers exposed a link between an American oil company's oil concessions and several powerful politicians in Angola.[440] According to the leaked documents approximately fifteen shell companies funneled money through UBS bank accounts to elites in Portugal with direct ties to Helder Bataglia dos Santos of Escom, which describes itself as one of the largest investors in Angola and the Democratic Republic of Congo.[440] The account of one company, Markwell Inc, received and sent on over $12 million in 2008 and 2009.[440]
According to Ouestaf the documents make it clear that while Crei investigators were interested in the funds in Pouye's Monaco account, they did not know that their source was an offshore account he created himself.[20] The two contracts prove that there was in fact a relationship between the defendants and DP World. Investigator Papa Alboury Ndao told the court in February[when?] that he had discovered two payments of $13 million each from a subsidiary of DP World FZE to a Singapore bank account belonging to Karim Wade. However the bank in Singapore refused to cooperate and Ndao was forced to drop that line of inquiry.[20]
Varuzhan Hotkanian, head of the Armenian branch of the anti-corruption watchdog Transparency International, said that perhaps Poghosian was forced to resign by the country's leadership, since the evidence pointed directly to him. But, he said, he still questions the government's commitment to fighting corruption.[172] Leading opposition figure Levon Zourabian demanded answers on the matter from the floor of Parliament.[173]
ICIJ partner Ouestaf.com was able to establish through the Panama Papers the existence of secret contracts between and DP World FZE (DP)and Mamadou Pouye, the bribery codefendant of Karim Wade, son of former prime minister Abdoulaye Wade. This information was not available at their trial; Ouestaf confirmed their financial ties to the corporation for the first time during the Panama Papers investigation.[20] Wade was sentenced in 2015 to a six-year prison term by the Cour de répression de l'enrichissement illicite (Crei), a specialized anti-corruption court.[20] Wade was accused of illegally amassing assets of more than $240 million; and his childhood friend Pouye was sentenced to five years for allegedly helping him.[20] Both denied wrongdoing and the United Nations and Amnesty International said their rights had been violated at trial.[471] Ouestaf's investigation did not address the legality of their trial. It did conclude that they had succeeded in tracing a payment to Pouye's oversea shell company from a subsidiary of DP.
In a 2015 declaration of assets, dated February 8 and submitted to the Maltese Parliament at the end of March 2016, which Muscat said he'd been shown in draft form before the Panama Papers were leaked, Mizzi listed the trust in New Zealand and the shell company in Panama.[223] As of April 28, 2016 a report on the matter commissioned by the Government of Malta by an unnamed international audit firm was still pending. On April 28, 2016 Muscat announced a cabinet reshuffle; Mizzi lost his ministerial portfolio of Health and Energy, but was retained as a minister without portfolio in the Office of the Prime Minister.[224][225][226]

The Panama Papers is a documentary that portrays the history of the global leak that involved a now infamous legal services company based in Panama, and its activities involved in setting up offshore shell companies to help celebrities, politicians and powerful figures from around the globe, in avoiding taxes, money laundering, and other financial crimes. This issue, of global relevance since it involves sistemic corruption in the global financial system and most countries around the world, was, however, poorly explained in this movie.
The city proper has approximately 880,691 inhabitants in 23 boroughs.[25] The inhabitants of Panama City are commonly referred to as capitalinos and include large numbers of Afro-Panamanians, mestizos, and mulattos, with notable white and Asian minorities.[26] There is a great deal of cultural diversity within the city, which manifests itself in the wide variety of languages commonly spoken, such as German, Portuguese, French, Arabic, Chinese, Hebrew and English, in addition to Spanish.[18]
Leader of the Opposition Jeremy Corbyn said "The government needs to stop pussyfooting around on tax dodging"[311] and called for "direct rule" to be imposed over British Overseas Territories and Crown dependencies that act as tax havens.[312] Former Business Secretary Vince Cable agreed, although former attorney general Dominic Grieve described the proposal as a "bit of a nuclear option"[313] which would "destroy the livelihoods" of BVI inhabitants in the finance industry.[314] The Labour Party also said that Cameron's planned "anti-corruption" summit in May[315] would be "a charade" if Cameron, as chairman of the summit, did not require representatives of all Crown dependencies and overseas territories to attend.[316]
"This is a unique opportunity to test the effectiveness of leaktivism", said Micah White, co-founder of Occupy, "... the Panama Papers are being dissected via an unprecedented collaboration between hundreds of highly credible international journalists who have been working secretly for a year. This is the global professionalization of leaktivism. The days of WikiLeaks amateurism are over."[79]

Casa Loma is located in Panama City Beach and features a Gulf-front outdoor pool and free WiFi access. Pier Park, offering shopping and dining, is 7 minutes' drive away. Just a short walk to the beach but if you didn't want to go to the beach there was a very nice pool to swim in. House keeping was great and so were the staff. There was no problem with parking.
After meeting your local guide, you’ll begin your Panama City tour by wandering through the old historic district of Casco Viejo, which is so beautiful it’s been named a UNESCO World Heritage site. Here, your guide will point out landmarks and important features of the neighbourhood, and fill you in on the secrets that only locals know.  Continue on through Balboa, exploring some of the old U.S. military zone, and see the headquarters for the legendary Panama Canal before heading to the Miraflores Locks visitor centre. Here you’ll be able to see the ships on their journey through one of the most famous canals the world, which connects the Atlantic and Pacific oceans. This part of your Panama Canal tour will tell you all you need to know about this incredible feat of engineering, with help from your local guide and a self-guided tour through the museum dedicated to the Canal. From here you’ll head to Ancon to explore more of this famous part of the city before moving on to the Amador Causeway to take in the view of the Bridge of the Americas. We’ll grab bite a bite to eat and enjoy a little nature walk on the Smithsonian-owned Punta Culebra. Enjoy this amazing and historic 'secret' part of Panama City – if you’re lucky, you might even spot a sloth!  Finally, your local guide will drop you off back at the start point. From here, you’re free to shop at a local market, enjoy the view from one of the many rooftop bars or take a well-deserved rest and reflect on all you’ve learned about the awesome Panama City!
Conservative supermarket magnate Ricardo Martinelli was elected to succeed Martin Torrijos with a landslide victory in the May 2009 presidential election. Martinelli's business credentials drew voters worried by slowing growth due to the 2008 financial crisis.[45] Standing for the four-party opposition Alliance for Change, Martinelli gained 60 percent of the vote, against 37 percent for the candidate of the governing left-wing Democratic Revolutionary Party.
The US intent to influence the area, especially the Panama Canal's construction and control, led to the separation of Panama from Colombia in 1903 and its establishment as a nation. When the Senate of Colombia rejected the Hay–Herrán Treaty on January 22, 1903, the United States decided to support and encourage the Panamanian separatist movement[24][22]
The end of the encomienda system in Azuero, however, sparked the conquest of Veraguas in that same year. Under the leadership of Francisco Vázquez, the region of Veraguas passed into Castilian rule in 1558. In the newly conquered region, the old system of encomienda was imposed. On the other hand, the Panamanian movement for independence can be indirectly attributed to the abolition of the encomienda system in the Azuero Peninsula, set forth by the Spanish Crown, in 1558 because of repeated protests by locals against the mistreatment of the native population. In its stead, a system of medium and smaller-sized landownership was promoted, thus taking away the power from the large landowners and into the hands of medium and small-sized proprietors.
The beaches and sunsets highlight the city's natural beauty with places to visit including St. Andrews State Park, Conservation Park, and Shell Island. Dolphin watching, golfing, and fishing are top activities, while sights to visit include Signal Hill Golf Course, Signal Hill Country Club, and Hombre Golf Club. Other notable sights to explore include Gulf World Marine Park and Pier Park.

Kalotti, which exports about 40% of Dubai's gold, bought about $5.2 billion in gold in 2012 with little to no paperwork, according to Ernst & Young partner Amjad Rihan.[449] Rijan has said that both the DMCC and his employer squashed his concerns, and the DMCC changed its audit procedures to ensure a more favorable outcome in the future.[449] ANCIR journalists obtained records showing that Kalotti has sold "scrap gold" to other refiners including Valcambi. Leaked documents show PAMP Holding Mauritius signed an agreement with MKS Holding BV and two shell companies described as its beneficial owners: Panama-based Mountside Investment and Hong Kong-based Dynamic Bonus Limited. In 2010 MKS Holdings owned 72% of a joint venture between MMTC Ltd., owned by the State of India, and Switzerland's PAMP. This joint venture does supply big multinationals like Apple.[449]


Bjarni Benediktsson, Iceland's finance minister and the chairman of Gunnlaugsson's coalition partner, comes from one of Iceland's wealthiest families. He confirmed that he owned 33% of Falson & Co., a Seychelles shell company founded in 2005 to purchase real estate in Dubai. It was still active in 2009, when Benediktsson was already a member of parliament with financial disclosure requirements. He said he registered the company with tax authorities, and he was not aware that it was registered in the Seychelles.[196] Minister of the Interior Ólöf Nordal and her husband had powers of attorney for Dooley Securities S.A., an offshore company located in Panama. She said that the company was founded for her husband but was never used, so she did not think she had to disclose it.[196] Hrólfur Ölvisson, the managing director of Gunnlaugsson's Progressive Party, says the Mossack Fonseca companies that list his name have been inactive a very long time, and were legal.[196]


Former Secretary of State and 2016 Democratic presidential candidate Hillary Clinton condemned "outrageous tax havens and loopholes ... in Panama and elsewhere"[423] at a Pennsylvania AFL–CIO event. Clinton added that "some of this behavior is clearly against the law, and everyone who violates the law anywhere should be held accountable", but it was "scandalous how much is actually legal".[423] Clinton promised that "We are going after all these scams and make sure everyone pays their fair share here in America."[423]
WikiLeaks spokesperson Kristinn Hrafnsson, an Icelandic investigative journalist who worked on Cablegate in 2010, said withholding some documents for a time does maximise the leak's impact, but called for full online publication of the Panama Papers eventually.[80] A tweet from WikiLeaks criticized the decision of the ICIJ to not release everything for ethical reasons: "If you censor more than 99% of the documents you are engaged in 1% journalism by definition."[81]
Overall, I am giving this movie a 7/10 because this is a very important global issue, and this movie is trying to raise awareness of it, so I believe it is a well-intentioned movie. Many of the points raised and the descriptions of the activities of offshore funds shown in the movie are indeed informative and relevant. But my advice is that if you are interested in the Panama Papers themselves, you will have to go to the newspapers and the databases which are publically accesible and do your own research. Sadly, an opportunity to describe and summarize properly this scandal to global audiences is somewhat lost between self-congratulatory interviews to journalists and retellings of depressing economic statistics of the world interlaced with emotionally charged pictures, that add very little to the story itself.
Back in the 1940s, Coronado was just a few sleepy ranches alongside an unspoiled stretch of blue Pacific and black-and-white speckled beaches. However, Coronado is now a highly popular beach town on the Pacific coast of Panama. Located an hour from Panama City, it is on the ‘Arco Seco’ (‘dry arch’) stretch of coastline, so Read more...: Coronado, Panama
The US on the other hand refused to sign on to the Common Reporting Standard set up by the Organisation for Economic Co-operation and Development, alongside Vanuatu and Bahrain.[414] This means the US receives tax and asset information for American assets and income abroad, but does not share information about what happens in the United States with other countries, which in other words means that the United States has become attractive as a tax haven.
"This is a unique opportunity to test the effectiveness of leaktivism", said Micah White, co-founder of Occupy, "... the Panama Papers are being dissected via an unprecedented collaboration between hundreds of highly credible international journalists who have been working secretly for a year. This is the global professionalization of leaktivism. The days of WikiLeaks amateurism are over."[79]
The bus terminal located in Ancon offers buses in and out of the city. Bus service is one of the most widely used forms of transportation in Panama. The terminal receives thousands of passengers daily from locations like David, Chiriqui, and the central provinces of Herrera and Los Santos. The terminal also receives international passengers from Central America via the Pan-American Highway.
Prior to the ruling, Maryam Nawaz had tweeted denial of wrongdoing, adding that she did not own "any company/property abroad," except as "a trustee" in a brother's corporation, "which only entitles me to distribute assets to my brother Hussain's family/children if needed."[369] The leaked documents name her as a trustee of Nescoll, created in 1993, and Nielson, first registered in 1994. The two companies subscribed to Mossack Fonseca services in July 2006. Mossack Fonseca was managing Nescoll, Nielsen Holdings, and Coomber Group when the three companies obtained a £7 million mortgage from the Swiss bank, Deutsche Bank (Suisse) SA and purchased four flats in Avenfield House, at 118 Park Lane in London. Hassan, the other brother, bought Hangon Holdings and its stock in 2007 for £5.5 million; Hangon then bought property, financed through the Bank of Scotland, at 1 Hyde Park Place in London.

Panama’s economy continues to grow, outdoing its neighboring countries. Between 2004 and 2013 the average GDP was 8.4%. The forecast is a promising one for Panama in 2018, with a prediction of the economy growing 5.5% and the GDP expects to expand 5.4% in 2019. The yearly income revenue from the Panama Canal just topped $1,650 million in 2017. With money in the government coffers, infrastructure projects sponsored by the government continue to be implemented, making Panama one of the leading countries in Central America in terms of infrastructure with good roads, bridges, parks, and sporting venues.
Panama's roads, traffic and transportation systems are generally safe, though night driving is difficult and in many cases, restricted by local authorities. This usually occurs in informal settlements.[62] Traffic in Panama moves on the right, and Panamanian law requires that drivers and passengers wear seat belts.[62] Highways are generally well-developed for a Latin American country.

In 2018, investigative media Bivol.bg accessed the Panama Papers under an agreement with the International Consortium of Investigative Journalists.[175] Later, they published a story about the offshore company Viafot which is attempting to acquire a key asset of Bulgaria's defense industry: the arms producer Dunarit.[176] The Panama Papers show that Viafot is owned by Alexander Angelov who is the lawyer of media mogul Delyan Peevski. Other Bulgarian media had reported how all state institutions help Viafot acquire Dunarit through illegitimate means.[177][178] However, no inquiry was opened by Bulgaria's General Prosecutor Sotir Tsatsarov.
Soon the filings almost covered the island's year budget. The US government however made official noises in 2001 about laundering criminal proceeds and Chase Bank blacklisted the island and Bank of New York followed suit. This caused inconvenience to the population so they let their contract with Mossack Fonseca expire and many of the privacy-seekers on the banking world moved on.[497] Some did stay however, apparently; the Panama Papers database lists nearly 10,000 companies and trusts set up on Niue, population 1200.[491]
Businesswoman Ingibjörg Pálmadóttir and her husband Jón Ásgeir Jóhannesson have for several years financed their business dealings through a Panamanian company, Guru Invest, which owns shares in retailer Sports Direct through Rhapsody Investments (Europe), based in Luxembourg.[202] Guru Invest paid around US$16 million to Glitnir bank after it crashed to cover the debt of Gaumur, one of Jón Ásgeir's companies, and loaned ISK 100 million to Jón Ásgeir's company Þú Blásól through an offshore company he owns named Jovita. Asked by journalists at Kjarninn where that money came from, Ingibjörg did not reply.[202] Ingibjörg is the primary owner of the 365 media group, which owns the Icelandic news outlets Vísir.is, television channel Stöð 2 and radio stations Bylgjan, X-ið [is] and FM 957, none of which seem to be reporting this disclosure.[202]
The US influence in Panama can be seen in the country's sports. Baseball is Panama's national sport and the country has regional teams and a national team that represents it in international events. At least 140 Panamanian players have played professional baseball in the United States, more than any other Central American country.[89] Notable players include Bruce Chen, Rod Carew, Mariano Rivera, Carlos Lee, Manny Sanguillén, and Carlos Ruiz.
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