SENIOR EAST CARIBBEAN GOVERNMENT OFFICIAL COOPERATING WITH US LAW ENFORCEMENT

SENIOR EAST CARIBBEAN GOVERNMENT OFFICIAL COOPERATING WITH US LAW ENFORCEMENT

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 A senior government official, from one of the five East Caribbean states that are operating Citizenship by Investment (CBI/CIP) programs, has been engaged in negotiations with a law enforcement agency of the US Government, to cooperate in a pending investigation. That individual is seeking immunity from prosecution, in what appears to be a major corruption investigation of high-ranking government officials in one jurisdiction.

Additionally, one of the principal targets of the investigation is the prime minister of that unspecified East Caribbean state. While much has been made this year, of the alleged failure of the United States to charge Caribbean officials with corruption, especially when the proceeds of their crimes are deposited in American financial institutions, we recently saw one individual charged. Donville Inniss, the former Minister of Industry for Barbados, is facing money laundering, and conspiracy to commit money laundering, for accepting bribes to obtain lucrative insurance contracts for Barbados.

While we certainly do not wish to alert the targets, as they could flee the region, to avoid arrest and prosecution, the CBI states are:

(1) Antigua & Barbuda.
(2) St Kitts & Nevis.
(3) Dominica.
(4) St Lucia.
(5) Grenada.

When indictments are handed down in the matter, we shall update this developing story accordingly.

Chronicles of Monte Friesner - Financial Crime Analyst  

Contributed by Kenneth Rijock - Financial Crime Consultant