Friday, November 15, 2019

‘Substantial Black Market For Smuggled Goods In Saint Lucia’

A newly published U.S report asserts that there remains a “substantial black market for smuggled goods in Saint Lucia.”

The assertion was made in the 2018 International Narcotics Control Strategy Report by the United States Department of State Bureau of International Narcotics and Law Enforcement Affairs

The report identifies the black market items as being mostly gold, silver and other jewellry, predominantly smuggled from Guyana.

It noted that there is a black market in high quality jewelry purchased from duty free establishments in Saint Lucia by both local and foreign consumers.

According to the report, monies suspected to be derived from drug trafficking and other illicit enterprises are filtered into and washed through trading firms.

However, it quoted Saint Lucian authorities as stating that there was sufficient progress with regard to the prosecution of money laundering offenses under the Money Laundering Prevention Act and forfeiture of the proceeds of crime in accordance with the provisions of the Proceeds of Crime Act.

“The successful enforcement of the laws is a result of enhanced interagency cooperation among the Police, FIA, Customs, and the Public Prosecutions Office,” the report said.

It disclosed that for the period January to October 2017, a total of 17 persons were charged with the offense of money laundering, resulting in seven convictions with penalties ranging from fines to imprisonment.

For the period January to October 2017, a total of 24 cash seizures totaled more than U.S. $1.8 million, according to the report.

It said the Customs and Excise Department is routinely confronted by false declarations, false invoicing, and fraudulent evasion of duties and taxes on goods.

“Law enforcement and customs authorities should be given training on how to recognize and combat trade-based value transfer, which could be indicative of both customs fraud and money laundering,” the US  report advised.

It also said the Government of Saint. Lucia should improve investigative capacity within the
police and courts to prosecute cash seizure and forfeiture cases expeditiously and successfully.

3 COMMENTS

  1. The great USA on it’s ivory tower judging little St.Lucia again. I guess PM Chastanet didn’t kiss up to Trump good enough at Marla-go

  2. USA! we have always been getting guyanese gold jewellery from time immemorial. it has nothing to do with smuggling! ignorant white people! and we dont trust smuggle jewellery because we dont know what is real and what is not. so we get our gold directly from guyana through legitimate means. shut your ahses!

  3. Yes we go into the jungle in Guyana,take all the risks and buy the gold straight from the gold miners,at their price.Now we do all kind of things to get back home,with our gold,at home the value has increased substancially.and we making a profit to survive and live.You getting pissed off because we dont pay your taxes ? you dont go to the jungle,you dont take risks,you just want your cut,screw you buddy

Comments are closed.

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