Fri. Jun 21st, 2019

Almost all postal packages with meth arrived from US

The fingers are often pointed at the Philippines when the officials talk about methamphetamine entry in Palau which is a fact. But, United States of America (USA) as well happens to be a country of origin from where methamphetamine enters Palau.

The postal inspector Sherry Sisior said, “Most of the drugs that I have seized here at the post office are from the United States.”

Sisior referred to the official data from the post office and told the Island Times that the last postal package containing meth that arrived from Philippines was in 2015 and the amount acquired was 438.3 grams.

The estimated street value of one gram meth is $1000.

The data revealed four instances of drug being in 2015 and out of the four, three arrived from the USA in 15.39, 14.38 and 17.61 grams.

The postal inspector who has been working with the post office since 2015 witnessed further pouring of meth in the country via post from the USA itself.

The year 2017 topped the list with six cases of meth trafficking via postal services with a total of 225.24 grams being seized.

However, there has been only one case in 2018 and the counting for the year 2019 has started with 5.1 gram being seized in the month of March.

The total of meth that has been captured by the officials at the post from the year 2015 to now is 977.89 grams and the data sheet reveals the street value of that much weight to $972,000.00

Sisior said that only the packages that look suspicious are taken in for x-ray and clarified that her official position or the post do not have the authority to open the package.

According to Sisior, the packages that might seem suspicious arrive for bogus name and people who don’t exist.

In an interview with Island Times, former President Johnson Toribiong spoke about the idea of having police to monitor the police and other agencies.

Sisior who has worked with a drug enforcement task force said,

“I don’t believe that there is any compromise with the packages. We don’t open packages when it arrives, we have to get a search warrant.”

Sisior stressed on the fact that she never works alone once the package seems suspicious and the customs is approached for the x-ray. The search as well is done by 4-5 people and officials from different agencies are present for the documentation.

The postal packages that get inside Palau are checked by United States Customs and Border Protection. In a brief meeting with the Island Times, the Post Master General expressed his gratitude for the service provided. (Eshan Kalyanikar)

ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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