If one of your new bank clients produces a passport issued in St. Vincent & the Grenadines (SVG), check to see his place of birth, and immediately institute enhanced due diligence, for multiple reports of the government's unofficial cash for passports "economic citizenship" program abound. One of Nigeria's billionaire career criminal kingpins bought one, and one must assume, due to the recent Nigerian presence in St. Vincent, that there are others. These are Nigerian Muslims, from the area under Boko Haram control, so there are potential terrorist financing considerations as well. That billionaire criminal owns an airline, complete with five Boeing B-747 airliners; do not underestimate the situation.
|Flag, St.Vincent & the Grenadines|
Additionally, there's a report of an Iranian national buying one for cash, as well as a UK national. Please screen any and all purported St. Vincent nationals very carefully, as they may not be exactly whom they claim to be.
|SVG Coat of Arms|