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IF THE CARIBBEAN COUNTRIES CONTINUE TO PROTECT THEIR CORRUPT PEPS, THEN CLOSE UP THEIR BANKS' CORRESPONDENT ACCOUNTS IN NEW YORK
This week's news, that a court in Trinidad will not assist the United States Department of Justice, in its Extradition efforts against one of the most corrupt officials in the FIFA football scandal, is just one more instance of Caribbean non-cooperation. I am sure that the US is still smarting over the egregious failure of Antigua & Barbuda to extradite its former financial regulator, who deceived American regulatory agencies about Allen Stanford's mega-Ponzi scheme, and is wanted in Texas. That individual has been requested for several years, to no avail, because he has evidence of corruption in Antigua, at the highest level.
If the nations of the East Caribbean want American banks to assume higher levels of risk, by continuing to allow Caribbean banks, which have a long history of facilitating drug money laundering, perhaps these nations might consider allow the US to being West Indians who break American laws to justice. Stop protecting corrupt PEPs, please, or face the possible consequences of being pushed out of the New York banking center.
