Barbados rejects US money laundering report

Misleading!

That’s how Attorney General Adriel Brathwaite  has described Barbados’ listing by the United States State Department as a major money laundering country, based on 2016 reporting.

In fact, in a statement released today by the Barbados Government Information Service, the Office of the Attorney General said while the report cited a number of generic methods of money laundering that may be found in any country, the island’s best intelligence does not support the view that they are at proportions which would have a significant impact on the local economy, or cause the faintest ripple in the international financial sector.

Following is the full statement issued in response to the recent action by the US State Department.

” It has come to the attention of the Government of Barbados that the United States of America’s (US) State Department recently named Barbados among a number of countries which the US regards as major money laundering countries.  This appears to be a position taken on 2016 reporting. Barbados is duty bound to state its position on this finding, which it considers to be misleading.

In respect of Barbados, the report cited a number of generic methods of money laundering that may be found in any country.  While the areas of criminal activity cited are present in the country, Barbados’ best intelligence does not support the view that they are at proportions which would have a significant impact on the local economy, or cause the faintest ripple in the international financial sector.

The illegal drugs trade is the crime which is of greatest concern in the country. This trade gives birth to other criminal activity. For instance, it is believed that the importation and use of unlicensed firearms is closely connected to the drugs trade. The drugs trade is also the most profitable acquisitive crime on the island; hence, it has potential implications for the financial sector. These threats are understood and are being addressed with some degree of success.

Barbados has deployed significant resources to combat criminal activity of every description. In particular, major resources have been directed to combating financial crime, including money laundering and fraud.  This emphasis was thought necessary because the competent authorities have recognized that the trade in illegal drugs and its offshoots have the greatest potential to distort the local economy.  However, there is a big gap between potential and actuality.  Policies and programmes are in place to ensure that this potential never becomes reality.

Local crime is only influenced by external factors to the extent that drugs and firearms are imported into the country. Barbados is not a producer of drugs for export and neither does it manufacture guns. Local criminality may be impacted from abroad, but it has very little prospect of having an external impact, especially on the financial community.

Criminal activity in Barbados is immaterial as far as the international community is concerned. Funds which may be laundered in Barbados are minuscule when measured on the scale of international laundering. Barbados is not a world financial centre and, therefore, any larger than usual financial transaction which takes place here will receive immediate attention, both here and abroad. Large-scale launderers know that the place to hide a tree is in the forest. Barbados does not fit that bill.

The authorities in Barbados will continue to do all in their power to ensure that this country remains a clean and safe jurisdiction in which to live, work and do business.” (ENDS)

 

27 Responses to Barbados rejects US money laundering report

  1. Albert Keizer
    Albert Keizer April 25, 2017 at 1:33 pm

    watch out

    Reply
  2. Rawle Spooner
    Rawle Spooner April 25, 2017 at 2:00 pm

    Let’s see how these usually tough talking dismissive politicians deal with the Americans.

    Reply
  3. Kaiser Sose
    Kaiser Sose April 25, 2017 at 2:10 pm

    The FBI forensic accountants will find out what banks and what persons are involved and you will be extradited and face trial in US COURTS . The FEDS dont play when it comes to drug money.

    Reply
  4. Sunshine Sunny Shine April 25, 2017 at 2:29 pm

    You tell them Johnny. Who the heck is Uncle Sam. We does wash money not launder it.

    Reply
  5. Helicopter(8P) April 25, 2017 at 2:41 pm

    Thanks for a good response Mr. AG ! How did they report on Miami, Bangor, New York and Portland and San Francisco?

    Reply
  6. Louis Swann
    Louis Swann April 25, 2017 at 3:01 pm

    Well if its money thats laundering, it better be on de gentle cycle cause we need de forgein currancy bad 😉

    Reply
  7. Walter Prescod April 25, 2017 at 3:12 pm

    Why does America think it can label a country a money laundering country. Clean your own house before you try to clean someone elses Uncle Sam!

    Reply
  8. Alex Alleyne April 25, 2017 at 3:22 pm

    “The illegal drug trade is the crime which is of greatest concern in the country. this trade gives birth to other criminal activity. For instance ,it is believe that the importation and use of unlicensed firearms is closely connected to the drug trade”.
    Every Tom, Dick and Harry along with Mary ,Anne and Jane have been saying the same for eons in BIM and asking for something to be done about it. Now that the USA has spoken you guys will be looking for every hole to run in . Most of you guys don’t trust the CCJ and prefer a court overseas , Ok then, there is a nice one in Manhattan just waiting for you all.

    Reply
  9. Dave Person
    Dave Person April 25, 2017 at 3:23 pm

    I didn’t know that drugs are the biggest problem. And that drug money was so big…..I wonder what percent of the economy is drug money.

    Reply
  10. Tony Webster April 25, 2017 at 3:48 pm

    Uhhhh…Sir….the Attorney-General of de U.S.A., dat we wuz so friendly wid..Just a few years back…ent dere no mo’ , Sir! Dey got a a new pit bull up dere now, Sir. You would need a real heavy trump card to tangle wid dem nowadays, Sir. Please be careful…circumspect…because whomsoever is A.G. hereabouts in twelve months’ time will have a dog’s dinner to deal wid, effin we try any undiplomatic ruff-stuff. Ask de lady ovuh at Foreign Affairs for a li’l help, perhaps? Dem not only got trump cards, Sir…dem also got “Joker”…like Correspondent Bank access, dat we might have to remember what pragmatism, and diplomacy, actually mean.

    Reply
    • Richard Johnston April 26, 2017 at 11:11 am

      This report was written under the former administration. Just beware when Trump Casinos wants to set up.

      Reply
  11. Eddy Murray
    Eddy Murray April 25, 2017 at 4:00 pm

    Mr AG ask Vijay Mallya the owner of kingfisher

    Reply
  12. Eddy Murray
    Eddy Murray April 25, 2017 at 4:02 pm

    My washing machine still working

    Reply
  13. jrsmith April 25, 2017 at 4:39 pm

    Lets see how our educated politicians handle this , their show no accountability to or black bajans, lets see how they play the yes sir no sir three bags full sir game ……………. now lets see who is who on the protection list……… I always say a time will come when, the protectors needs protection themselves, and got to run for cover………………..

    Reply
  14. Elizabeth Campbell April 25, 2017 at 6:08 pm

    YOU SAY: “The FEDS don’t play when it comes to drug money.”

    THAT’S BECAUSE THE FEDS ARE TOO BUSY BEING THE CHIEF WHORING PROPONENT!

    THEY ARE IN THE LUCRATIVE BUSINESS OF SET UP, GET HOOKED, AND TRAP; THAT’S WHERE THE FUN AND THE IMMORALITIES ARE…DON’T YOU KNOW?

    Reply
  15. Alex Alleyne April 25, 2017 at 6:31 pm

    2 ole sayings, (1) night will run till day catch it , (2) you can do as you like but not for long as you like.
    All the guns and useless killings and the flow of illegal drugs all over Bim will slow down and in the end come to a halt . “The world police has spoken” .

    Reply
  16. Sebastian Da Costa
    Sebastian Da Costa April 25, 2017 at 6:44 pm

    Reject that is what we do best Reject every report.

    Reply
  17. Milli Watt April 25, 2017 at 7:46 pm

    only a little money laundering AG is that the best you can do……what about we only have a little murder while you at it. not the same as the carnage we see outside therefore not deserving of the same respons……sssstttuuuuppppssseeeeee PLEASE AG. note to self after the next election will not be coming to you in private practice not even if yuo PAY ME AG

    Reply
  18. Mudiwa Cisse
    Mudiwa Cisse April 25, 2017 at 8:08 pm

    See how gullible some of you people are..The FBI say something and you guys believe it lol

    Reply
  19. Kevin April 25, 2017 at 8:11 pm

    Chupse, every year north America and Europe does come with these list attacking smaller countries because they want to see wealth stay in theirs. Every year Cayman Islands and Bermuda is on this list, but their offshore sector still flying strong. Tell the US we are not actively engaging in money laundering and tell them they have to share their wealth with us!

    Reply
    • Ric April 26, 2017 at 2:46 pm

      Best answer.

      Reply
  20. Ossie Moore April 26, 2017 at 12:35 am

    wunna bajans could ” stupse & chupse ” all wunna want to . . . back in de 80’s / 90’s Manuel Noriega in Panama ” stupse & chupse ” at de USA and wunna see wha happen to he ?

    Even dudus from jamaica ” stupse & chupse at de USA and wnuuna see what happen to he ?

    Reply
  21. Ivana Cardinale April 26, 2017 at 8:18 am

    Every year the World Police (I don know where it is written that the US is a universal police) issues reports accusing any country of alleged money laundry, human rights abuse, drug trafficking, etc.. The US accuses countries of doing what the US themselves do. They have NO moral. In the US there are at least 6 states where the ‘wash’ lost of money… And they accuse Barbados? This US practice of accusing countries of this or that have to stop. Who the hell told them that they rule the world? Time to let them know that they ain’t nobody!

    Reply

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