I have been getting a lot of pushback this week, responding with scathing comments to my articles discussing money laundering, fraud and corruption in GRENADA, SAINT KITTS & NEVIS, ANTIGUA & BArBUDA, DOMINICA AND SAINT LUCIA. For all those individuals in the investment migration sector, for so long as the Eastern Caribbean CIUs push the Proceeds of crime through New York banks, exposing them to serious violations of the Money Laundering Control Act, I will be reporting on unfolding events, so matter how damaging they be to your sales of economic citizenships. I write for compliance officers, who need to know, with specificity, the who, what, where, when and why of CBI transactions that threaten their banks.
I leave it to historians to eventually determine if Kittitian Ambassador Billy Herbert's decision, back in 1983, to require applicants to the world's first CBI program to remit payment in US Dollars, placed the Eastern Caribbean on a dark path which will not end well, but it is humbly suggested that all CBI jurisdictions immediately switch the type of currency required for payment to the Eastern Caribbean Dollar (XCD), and the Chinese Yuan Renminbi (CNY), so that your clients' funds, and the Proceeds of Crime, steer completely clear of the American financial structure. I say this in all seriousness; find another financial system so that American banks can reduce their risk levels accordingly.