Region not up to scratch

A regional advisor today issued a sound warning to Barbados and other Caribbean countries that their financial investigation units (FIU) are playing catch up, amid a rapidly evolving financial crime environment.
Addressing participants at the closing ceremony of a two-week Financial Investigations Training workshop at the Pommarine Hotel today, Jefferson Clarke, the Law Enforcement Advisor at the Caribbean Financial Action Task Force (CFATF), explained that in their initial stages, regional FIUs were keeping pace with rest of the world.

Jefferson Clarke
Jefferson Clarke

However, he expressed concern that this was no longer the case.
“Our FIUs all started in the same place, but over period of time, as the recommendations addressing financial investigations evolve, we are seeing that our financial investigation units are being left behind.

“This is to the extent that currently in the region only three financial investigation units attend the CFATF meetings. They are Montserrat, Grenada and St Lucia,” said Clarke, while noting that there were 26 countries in the region with operational FIUs.

Clarke also pointed out that based on recent evaluations conducted on these anti money laundering defence systems, a high rate of attrition abounds. He also said the effectiveness of these units had been further retarded by the by poor utilization of human resources.
“In addition we are seeing skills not being utilized. We could have this type of training now but when you go back to your respective countries, find yourself transferred to traffic,” Clarke told the participants, comprising mainly of law enforcement officials from across the region.
He also highlighted a recurrent challenge with funding in the region, which he said has had to turn to the European Union (EU) only to discover that “the EU processes are less facilitative for quick implementation of these kinds of activities”.

In this regard, Clarke made reference to the fact that they only received funding for the recently concluded training programme five weeks ago. 

4 Responses to Region not up to scratch

  1. jrsmith September 24, 2016 at 6:06 am

    The region will never get up to scratch , getting up to scratch means change , change against a lot of corrupt politicians and policemen plus law enforcement at sea and airports ..
    For decades now simple technology which is used around the world could have been deployed all around the region , which would enhanced general law enforcement making the region fairly safe…
    The major issue change would remove the protection from the crime bosses…..cant do that , that would be a crime putting lots of crooked peoples and they family lives at stake…..

  2. Tony Webster September 24, 2016 at 6:13 am

    I once had the officer-in-charge of a nameless CARICOM entity stationed in Antigua, asking me with wet eyes for an overdraft for the entity so he could pay salaries for his staff (including his own family)…for which CARICOM had not provided funds for some three-plus months. Such situations are not just shambolic, they are shameless, inhuman. A “heartess banker” at least let them eat.

  3. Hal Austin September 24, 2016 at 8:55 am

    They know this. Google Greenberg and AIG.

  4. seagul September 24, 2016 at 10:28 am

    Tourism week has exposed itself–unbelievable these rip off businesses–those prices are shameless.


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