Caribbean Supports International Efforts To Stop Crime

- Advertisement -

Caribbean countries are “unflinching” in their support for international efforts to stop crime and terrorism, as well as the financing of them.

Prime Minister Mia Amor Mottley stressed this point today, as she addressed the opening of the Caribbean Financial Access Roundtable, at the Lloyd Erskine Sandiford Centre.

This high-level historic meeting was attended by CARICOM Heads of State and Heads of Government, and a US Congressional Delegation, led by US Congresswoman Maxine Walters.

Ms. Mottley told the meeting: “We are unflinching in our support for efforts internationally to stop terrorism, to stop crime, [and] to stop the financing of both of them. And that has made us unpopular among those who believe that money laundering and know-your-customer rules are backward and repressive.

- Advertisement -

“But the current régime, we believe, of anti-money laundering and countering financing of terrorism is so transparently flawed, that it is likely to end up being counterproductive, inadvertently…supporting crime and the sponsorship of financing for crime.”

The Prime Minister underscored the importance of today’s talks which included discussions on de-risking and correspondent banking, saying they had started in 2019. She proffered the view that a greater investigation into this matter was required.

“It may well be too, Madam Chair, that you may well even feel that it is necessary to have Congressional hearings on these matters. And I can assure you that if you do go in that direction, that all of us here would be prepared to participate, as well as other representatives in the region, because this strikes at the very heart of our ability to keep our countries and our economies safe.

“The solution to this conundrum for small developing countries is that the international process of fighting money laundering be more focussed on money laundering itself. An example of this would be for us to demand that no country can be placed on anti-money laundering sanctions’ lists, unless there is also actual evidence of the material money laundering,” she suggested.

Ms. Mottley argued that to simply sanction a country on the basis of a list because officials wanted them to do better, would be to have a disproportionate consequence on the country, without evidence of there being money laundering.

She noted that the countries which were routinely on the anti-money laundering lists had very little international finances.

“The rich countries develop and drive the lists. Those countries do not appear on the lists and criminals can see and follow who do not appear on the list. And it doesn’t take a Solomon to know which and where is the path of easiest resistance,” she said.

The Prime Minister listed a number of countries where money laundering transactions were routed, yet, she added, they were no reports of them being sanctioned or facing enhanced due diligence.

She stressed, however, that the sanctioned countries did not have the capacity to impact international finance.

Source: Barbados Government Information Service (BGIS). Headline photo courtesy Office of the Prime Minister: Prime Minister Mia Amor Mottley speaking at the Caribbean Financial Access Roundtable, at the Lloyd Erskine Sandiford Centre while Dominica’s Prime Minister, Roosevelt Skeritt, and officials look on.

- Advertisement -
Editorial Staff
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

8 COMMENTS

  1. Sorry! I hit the enter button. inadvertently (premature posting, much?)

    @The Fox: I note your reticence in naming the “Crime” Giant! W’happen? You scared of of something?

    Your comments mirror the passive/aggresssiveness of Mia’s strategy to “pwen devant avant devant pwen-ou”, knowing that the US considers Barbados so small (much like Grenada), that it cannot react to her, now that Russia & China has shown up its impotence to the world, with regards to the Ukraine situation.

    In my opinion, Mia is looking for short-term gains in trying to extract some lucre for supporting a failing ex-giant (the US); the gamble of a desperate prostitute, not unlike Rihanna’s strategy with the “music” industry in the US!

  2. @The Fox: I note your reticence in naming the “Crime” Giant! W’happen? You scared of something?

    Your comments mirror the passive/aggressiveness of Mia’s strategy to “pwen devant avant devant pwen-ou”, knowing that the US considers Barbados so small (much like Grenada), that it dare not react to her, now that Russia & China has shown up its impotence to the world, with regards to the Ukraine situation.

    In my opinion, Mia is looking for short-term gains (see my comments in the Kagame thread) in trying to extract some lucre for supporting a failing ex-giant (the US); the gamble of a desperate prostitute, not unlike Rihanna’s strategy with the “music” industry in the US, which made her into a billionaire (don’t know how long that will last after the impending collapse of the US dollar as the reserve currency to the world)!

  3. Big Joke! Caribbean countries run by blacks. Crime go’s hand in hand. It part of our daily lives. Name one country run by blacks where crime and corruption don’t run rampant. there ZERO!

  4. I don’t want this to sound funny but it sounds like a very ambitious effort to fight against a Giant that has succeeded in defeating the wisest, even in a most highly competent and technically informed societies globally. It is a world that is known to use corruption and the means to get away with it, though nothing new, but its technology will wear you out in trying to catch the source. It is wide spread from Continent to Continent, City to City, University, Schools, I could go on. Some of the worse is in Elected Governments with some members sole ambition is to cheat and get rich. It is indeed an ambitious effort to start with, so good luck. P.S. – While you’re about it, come to St. Lucia.

    • @The Fox: I note your reticence in naming the “Crime” Giant! W’happen? You scared of of something?

      Your comments mirror the passive/aggressiveness of Mia’s strategy to “pwen devant avant devant pwen-ou”, knowing that the US considers Barbados so small (much like Grenada), that it dare not react to her, now that Russia & China has shown up its impotence to the world, with regards to the Ukraine situation.

      In my opinion, Mia is looking for short-term gains in trying to extract some lucre for supporting a failing ex-giant (the US); the gamble of a desperate prostitute, not unlike Rihanna’s strategy with the “music” industry in the US!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

TRENDING

Subscribe to our St. Lucia Times Newsletter

Get our headlines emailed to you every day.

spot_img
‘It Was Like A War Zone!’: Shooters Rampage Through Morne SerpentRead
+ +
Send this to a friend