Panama: Companies Report Extortions

The guild of merchants in Chiriqui has denounced the growing amounts of extortion by organized crime organizations, mainly affecting small businesses in the province.

Wednesday, April 27, 2016

The Chamber of Commerce of Chiriqui stated that "... among the criminal activities of most concern to informal businesses are links to illicit financing with cash flows in clandestine opportunities, drug dealing, illegal circulation of money and making links with gangs. "

Laestrella.com.pa reports that "...The provincial business association denounced the existence of a type of anti-social blackmail of small traders forced to pay a fee in exchange for protection and not having their activities affected. Complaints have been filed by those affected, employers stated to the Security Minister Rodolfo Aguilera. "



More on this topic

Request to Recover Territory Control

September 2019

After three soldiers were killed in Izabal, Guatemalan business sector asks the government to regain control of the territories where criminal groups dominate.

On several occasions, business chambers have denounced that organized crime groups operate in the area from the Polochic Valley to Izabal, thus affecting productive activity in the area.

El Salvador: Law Against Extortion In Effect

April 2015

President Sanchez Ceren has passed a Special Law Against Crime Extortion, which aims to improve the fight against the unfortunate practice which primarily affects the business sector.

From a statement issued by the presidency of El Salvador:

The president, Salvador Sanchez Ceren, has sanctioned Legislative Decree No.

El Salvador: Insecurity Deters SMEs

May 2014

90% of small business owners are extorted and many have had to leave the country, reported industry representatives.

Although the percentage of extortion of SMEs has increased 20% in 8 months, 76% of employers affected do not report it for fear of reprisals. The overall business perception is an increase in criminal behavior, constant threats by organized groups and greater mistrust of the National Civil Police (PNC), according to reports by the National Council of Small Business of El Salvador (CONAPES).

70% of MiyPEs in El Salvador Suffer From Extortion

September 2013

A study by the union of micro and small businesses reveals that 70% of them are victims of extortion, of which 65% do not file any complaints for fear of retaliation.

The study which included the participation of over 425 representatives of MSE's was conducted jointly by the National Council of Small Business in El Salvador (CONAPES) the MiyPEs Union and the Society of Businessmen and Industrialists of El Salvador (SCIS).

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