The only service that comes to mind for me is NordVPN, which is based in Panama.
Is Panama the big brain move? If so, why aren’t more privacy services doing this?
What kind of privacy laws are good in Panama? Any that aren’t? Does it have a history of bowing to Five Eyes requests?
Likely yes. But Switzerland has decent privacy laws. And you can just use Tor browser after. Swiss laws don’t allow US style fishing expeditions.