Compliance officers asked with the periodic assessment of Country Risk are advised that rampant official corruption in Antigua and Barbuda has rendered the government, including the court system, police, and senior officials, completely subservient to career criminals who reside there, by virtue of their purchase of a Citizenship by Investment (CIP/CBI) passport, and payment of an obscene amount of bribes to all senior leaders in all three arms of government. Give Antigua, and its banks, a wide berth.
An examination of a fugitive from justice, MEHUL CHOKSI, India's Most Wanted Fraudster, confirms that he is allegedly contributing to the culture of bribery that allows the donors to escape international justice indefinitely, so long as the illicit payments continued to be made.
We shall be detailing which government officials have been receiving this illegal compensation, and what they did for those bribes, but the purpose of this article is to alert international bankers that it would be total folly for them to endorse any bank client to invest in Antigua at this time, and that compliance officers should regard all substantial wire transfers as high risk, requiring documented Source of Funds and Source of Income evidence.
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