Aruba Activity
M) Money Laundering and Financial Crimes
Liechtenstein. * FinCEN conducted an analysis of its Suspicious Activity Reporting System and found 26 SARs relating to Liechtenstein. SARs were filed by banks (U.S. and foreign) and one brokerage services firm between January 1, 2002 and October 31, 2002. Much of the reported activity (24 SARs, or 92 percent) involves suspicious or fraudulent wire transfer activity to or from Liechtenstein. The SAR narratives report sudden wire transfer activity for large amounts in accounts that had never experienced wire transfer activity. Others note funds wire transferred from unidentified individuals in Liechtenstein that were then rerouted out of the United States. The SARs seem to indicate a pattern of high dollar value transfers, rather than structuring, which is reported in only one SAR. The reported high value transfers are often by, or to, individuals or companies for whom such activity is an anomaly, or for no discernible reason. ... [Read More]
G) The Caribbean
The GOJ does not encourage or facilitate the illicit production or distribution of narcotic or psychotropic drugs or other controlled substances, or the laundering of proceeds from illegal drug transactions. The GOJ has a policy of investigating credible reports of public corruption and prosecutes individuals who by reliable evidence are linked to drug-related activity. The GOJ has not prosecuted any senior Jamaican government official for facilitating the illicit production or distribution of such substances, or the laundering of proceeds from illegal drug transactions. During the year, a number of JCF and JDF personnel were arrested on drug-related charges, and there are currently a number of ongoing investigations into alleged drug-related corruption involving police personnel. Police officers are often transferred if there is suspicion but no proof of involvement in drug-related activity. In October, the entire staff of a police station was transferred following allegations concern ... [Read More]
International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994FINANCIAL CRIMES AND MONEY LAUNDERING1994 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTINTERNATIONAL MONEY LAUNDERINGOVERVIEWIntelligence findings from North and South America, Eastern and Western Europe, South and East Asia, Africa and the Middle East confirm that another significant shift has occurred in money laundering trends and methods, requiring changes in policy and strategy for 1994.The critical aspects are the volume of non-drug related money laundering; increased investment of illegal proceeds in legitimate business, including the financial industry; and the targeting of financial systems in countries/territories (some with little or no domestic involvement in drug trading or other serious proceeds-generating crimes) to launder drug and other proceeds generated by crimes committed in other jurisdictions.In 1988, when the United Nations Convention was ... [Read More]
G) The Caribbean
The high degree of drug trafficking activity through and around St. Kitts and Nevis and the presence of known, active traffickers in St. Kitts place this small country at great risk for corruption and money laundering activity. (See Money Laundering section.) ... The JCF conducts drug testing of recruits at their initial physical exam, but does not have a random drug testing policy. Police officers are often transferred if there is suspicion, but no proof, of involvement in drug-related activity. The JDF has a “zero tolerance” policy on involvement in drug-related activity by its members. ... [Read More]
The Caribbean
The high degree of drug trafficking activity through and around St. Kitts and Nevis and the presence of known, active traffickers in St. Kitts place this small country at great risk for corruption and money laundering activity. ... The JDF has a “zero tolerance” policy on involvement in drug-related activity by its members. The JCF conducts drug testing of recruits at their initial physical exam but does not have a random drug testing policy. Police officers are often transferred if there is suspicion, but no proof, of involvement in drug-related activity. There are a number of on-going investigations into alleged drug-related corruption involving police personnel. ... [Read More]
Money Laundering and Financial Crimes
(1) Represents those SARs currently in the system as of August 31, 2000.Developments in Analyzing U.S. National SAR DataThe size of the U.S. national SAR database presents special opportunities for developing analytic approaches to the data set. Analysis of the data set has enabled FinCEN to provide banks with important feedback regarding examples and patterns of suspicious activity.Money Laundering Trends in 2000Wire Transfers and Shell Company ActivitySARs filed during the first half of 2000 reflect several complex activities involving suspicious wire transfer patterns. As reported in the SAR narratives, many of these suspicious wire transfer patterns i ... [Read More]
International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994THE CARIBBEAN 173 Bahamas 175 Cuba 181 Dominican Republic 184 Guyana 189 Haiti 191 Jamaica 195 Netherlands Antilles and Aruba 200 Suriname 203 Trinidad and Tobago 206 Eastern Caribbean 209 Antigua and Barbuda 210 Barbados 210 Dominica 211 Grenada 211 St. Kitts and Nevis 212 St. Lucia 213 St. Vincent and the Grenadines ... [Read More]
USIA: Global Issues, July 1996 - Morris
Morris: Our thinking is that the answer is yes, probablyhalfis a reasonably good estimate. The other half goes everywherefrom fraud, to extortion. If you look at the former Soviet Union, the drug business isn't the largest part of the criminal activity. It is, in fact, extortion, stolen vehicles, and thelike. Arms trafficking is important and then there is some ofthe more basic activities such as fencing and prostitution andbasic criminal activities. And, if you add all of those piecestogether, you come up with another large category of criminalactivity. ... [Read More]
The Caribbean
The BahamasI. Summary Because of its geographic location, The Bahamas continues to be utilized as a major transit country for cocaine and marijuana bound for the U.S. from South America and the Caribbean. The Government of the Commonwealth of The Bahamas (GCOB) cooperates closely with the United States Government (USG) to stop the flow of illegal drugs through its territory, to target Bahamian drug trafficking organizations, and to reduce the domestic demand for drugs within the Bahamian population. An important bilateral milestone was achieved in June 2004 with the signing of a Comprehensive Maritime Agreement to provide law enforcement officers a ... [Read More]
M) Money Laundering and Financial Crimes
The following are summaries of the most significant priority issues:Refocus Efforts of High Intensity Financial Crime Areas (HIFCAs). HIFCAs are special, high-risk areas or sectors where law enforcement will concentrate its resources and energy to combat money laundering. The 2001 Strategy mandated that the HIFCA task forces become operational and conduct investigations designed to result in indictments, convictions, and seizures, rather than focus primarily on intelligence gathering. Each of the six HIFCA Task Forces is now actively working cases. HIFCA Task Forces are composed of, and draw upon, all relevant federal, state, and local agencies. The Departments of Treasury and Justice jointly supervise the HIFCA Task Forces, and the 2001 Strategy primarily tasks the Federal Law Enforcement Training Center (FLETC) and Justice’s Asset Forfeiture and Money Laundering Section to develop an advanced money laundering training program to enhance the HIFCA Task Forces’ abili ... [Read More]
|