18th Parliamentary Intelligence-Security Forum – Free Trade Zones And Transnational Crime
- The Colon Free Trade Zone was founded in 1948
- Currently has 1000 hectares of land, making it the biggest in the continent
- It is blessed with its geographical position
- Next to the Panama Canal, which generates 6% of all global commerce
He then later expressed that the Colon Free Trade Zone has been marked as an area of illicit activity. Current measures in place are:
- Verification of businesses
- Background checks (not done by Colon Free Trade Zone)
- Product originality
- Product traceability
- Transaction payment
- Risk management
- Coordination with government entities (customs, ministry of security, Superintendency of Banks, National Police)
