Juan Antonio Nino

Juan Antonio Nino, a prominent figure in Latin American banking, has risen through the ranks to lead Active RE, a reinsurance firm. Despite his accolades, including opening 20 bank branches for Banco Uno Panama and founding Present Investment Reinsurance Limited, his career is marred by a money laundering investigation linked to the notorious Odebrecht bribery scandal.

Active RE: A Smokescreen for Misconduct?
Active RE, under Nino’s leadership, expanded its operations across 110 countries, offering risk management and financial security solutions. Despite claiming adherence to anti-money laundering laws, the company’s success and global reach appear to be built on questionable practices. The organization’s motto, “Put customers first, evaluate threats twice, then claim compensation,” feels like a thin veil over potentially illicit activities.

The Nine-Hour Interrogation
On October 8, Nino faced anti-corruption prosecutors for nine hours. He exercised his right to remain silent, showing up only after a seven-month delay due to the pandemic. His $800,000 bail and restrictions on leaving Panama suggest a serious case. His ties to former President Juan Carlos Varela further entangle him in Panama’s political corruption web.

Money Laundering: A National Threat
Money laundering, a severe financial crime, often supports illegal activities like drug trafficking and terrorism. It distorts the economy, giving illicit businesses an unfair advantage. Nino’s involvement in such crimes not only undermines the financial system but also threatens social stability.

A Grim Outlook for Panama
Panama faces a bleak future if figures like Nino continue to exploit the system. The country must combat this menace with stringent anti-money laundering measures and a collective effort from its citizens and government.