{"id":21397,"date":"2017-10-23T13:26:11","date_gmt":"2017-10-23T18:26:11","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=21397"},"modified":"2017-10-23T13:26:11","modified_gmt":"2017-10-23T18:26:11","slug":"us-secures-confession-panama-waked-money-laundering-case","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/us-secures-confession-panama-waked-money-laundering-case\/","title":{"rendered":"US Secures Confession in Panama Waked Money Laundering Case"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The Waked money laundering<\/a> investigation that has rocked the Panamanian establishment has recorded its first successful prosecution, but US authorities remain some way from proving their most serious allegations against one of Panama<\/a>‘s wealthiest and most powerful families.<\/p>\n

On October 19, Nidal Waked Hatum, the man labeled by the Drug Enforcement Administration<\/a> (DEA) as “one of the world’s most significant drug money launderers and criminal facilitators,” pleaded guilty <\/a>to one count of money laundering<\/a> conspiracy.<\/p>\n

Waked admitted that he had fraudulently secured bank credit for one of his companies for the purchase of non-existent electronic appliances from two more of his companies. These fake transactions, which were supported by falsified invoices, were used to move funds between a bank in Panama<\/a> and a bank in Miami.<\/p>\n

Version:1.0 StartHTML:000000426 EndHTML:000115450 StartFragment:000114893 EndFragment:000115349 StartSelection:000114893 EndSelection:000115349 SourceURL:https:\/\/www.bing.com\/images\/search?view=detailV2&ccid=U54Tima%2f&id=A4D4A5AF38071317C82779A1F10C97549476485B&thid=OIP.U54Tima_P2y14NihnY9KzAEsDu&q=images+of+waked+organization&simid=608000056224646317&selectedIndex=0&qpvt=images+of+waked+organization&mode=overlay