Rampant official corruption in several East Caribbean States that offer Citizenship by Investment (CBI) passports, St Kitts & Nevis, Antigua & Barbuda, Dominica & Grenada, has so thoroughly infected senior leaders in those nations, that compliance officers at banks in North America and Europe now routinely treat all EC passport holders with suspicion. Compliance correctly fears that the new bank clients are really Iranian sanctions evaders, Russian organized crime members, terrorist financiers, or money launderers for drug trafficking cartels, artfully hiding their true identities behind passports from low-risk Caribbean jurisdictions.
Here's a recent news item to illustrate my point:
Emmanuel Nanthan, the head of Dominica's CBI unit uses an obscenely expensive helicopter in lieu of a personal automobile, to move around Dominica. Given that Dominica has no private rotary-wing aircraft, his transport must originate from off-island at thousands of dollars per flight. In a country still suffering from a damaging hurricane, coming on the heels of a potent tropical storm, how do public servants afford such luxuries ?
|Nathan exiting a helicopter|
Records released to the public have show that Mr. Nathan received USD $220,000 from convicted Iranian sanctions evader Alireza Monfared, who held a Dominica diplomatic passport, and was closely associated with all the senior officials in Dominica's government.