s utility as a
money-laundering center

Nauru
offshore banking recently stopped, remains on Financial Action
Task Force Non-Cooperative Countries and Territories List for
continued failure to address deficiencies in money-laundering
control regime

Nepal
illicit producer of cannabis and hashish for the domestic and
international drug markets; transit point for opiates from Southeast
Asia to the West

Netherlands
major European producer of ecstasy, illicit
amphetamines, and other synthetic drugs; important gateway for
cocaine, heroin, and hashish entering Europe; major source of
US-bound ecstasy; large financial sector vulnerable to money
laundering

Netherlands Antilles
transshipment point for South American drugs
bound for the US and Europe; money-laundering center

Nicaragua
transshipment point for cocaine destined for the US and
transshipment point for arms-for-drugs dealing

Nigeria
a transit point for heroin and cocaine intended for
European, East Asian, and North American markets; safehaven for
Nigerian narcotraffickers operating worldwide; major
money-laundering center; massive corruption and criminal activity,
remains on Financial Action Task Force Non-Cooperative Countries and
Territories List for continued failure to address deficiencies in
money-laundering control regime

Pakistan
opium poppy in Federally Administered Tribal Areas,
North-West Frontier Province, and Balochistan Province has rebounded
since it was nearly eliminated in 2001; key transit point for Afghan
drugs, including heroin, opium, morphine, and hashish, bound for
Western markets, the Gulf States, and Africa; financial crimes
related to drug trafficking, terrorism, corruption, and smuggling
remain problems

Panama
major cocaine transshipment point and primary
money-laundering center for narcotics revenue; money-laundering
activity is especially heavy in the Colon Free Zone; offshore
financial center; negligible signs of coca cultivation; monitoring
of financial transactions is improving; official corruption remains
a major problem

Paraguay
major illicit producer of cannabis, most or all of which is
consumed in Brazil, Argentina, and Chile; transshipment country for
Andean cocaine headed for Brazil, other Southern Cone markets,
Europe, and US; corruption and some money-laundering activity,
especially in the Tri-Border Area

Peru
unt