Could the reputation of Panama improve when dominance of EU diminishes financially-wise?

[BalnearioCamboriu]

As far as know, it's EU who's put Panama on its black list.

When the EU zone becomes less influencial financially in the world, which it's already been doing, and as the other countries become more influencial, would the reputation of Panama, and other countries the blacklist, improve naturally? For the list will become less relevant.

 

[JackAlabama]

Yah probably. Also important would be to inspect the correspondence network of the currency⁣ used in transfers. Another neutral network would be appreciated.

 

[Sols]

EU is just one of many. It's on similar lists all over‍ the world. Panama is/was not a problem only to the EU. It's just that EU⁠ has far greater international political influence than many smaller, individual states.

While FATF is based⁤ in EU, it represents the whole world. Here is what they wrote most recently about⁣ Panama, in February 2023. Jurisdictions under Increased Monitoring - 24 February 2023

 

[JackAlabama]

disagree with you here these international orgs like who, gavi, fatf whatnot representing the whole world.⁣ It is part of the power structure bullying smaller countries to stand down.

 

[Sols]

Fair point, but it is more than just EU. FATF has⁠ a lot of western members, but its members also include India, Brazil, Malaysia, Turkey, and⁤ Saudi Arabia. The GCC is also a member.

 

[JackAlabama]

Yes, thats very correct.
But I⁠ look at it more like the UN etc which have basically all countries as members,⁤ but some or some (informal) groups within are more equal than others.

 

[bountymounty]

There is no place on earth you can hide if you don't relocate and have‌ lots of money! If you have the latter you can get a very good life‍ in most countries with low corporate tax structures like Switzerland, Dubai, Portugal, Cyprus and Malta!⁠

 

[JackAlabama]

true, If you do not need to work and have⁤ enough money for what you want, you basically can go anywhere and live off your⁣ capital. Most countries are very good for this.