![]() Parts of the city are rough and tumble, others are no-go, but most are benign. The banking district is well policed, at least during the day, and most crimes are the low-key and opportunistic type you'll encounter in any major city. Despite this chequered past and present, it's important to remember that as a tourist in Panama City, you’re highly unlikely to encounter cartel-related violence. Dubious money, laundered through real estate, has been transforming the city’s oceanfront since the Noriega years. This has been the epicenter of prodigious real estate development in recent years. Panama City is an international banking center and global trans-shipment hub with generous offshore tax structures and strong secrecy laws. ![]() Glossy showrooms, high-rise condos and luxury shopping malls illuminate Panama City’s banking district.
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