The counts against Jho:
(1) Conspiracy to Violate the FCPA - Bribery.
(2) Conspiracy to violate the FCPA - Circumvention of Internal Accounting Controls.
(3) Conspiracy to Commit Money Laundering.
Readers who wish to review the indictment, may access it here.
The fact that he was granted a St Kitts & Nevis CBI passport, while engaged in suspicious conduct involving repeated demonstrations of excessive and unexplained wealth far exceeding his known assets and income, is one more demonstration that CIU due diligence performed in the East Caribbean CBI states, if it occurs at all, is so far below Banking Best Practices as to constitute professional negligence, or compliance malpractice. Using the Jho case as a yardstick of effectiveness, we must unfortunately give St Kitts CIU a failing grade.