SINGAPORE PUBLISHES ST.KITTS AND DOMINICA CBI PASSPORTS AND PHOTOGRAPHS OF CHINESE MONEY LAUNDERERS WHO USED THEM TO MOVE $2.2bn IN DIRTY MONEY

If you have been reading the news about Singapore's massive multi-billion dollar money laundering scandal, perpetrated by chinese nationals using Citizenship by Investment (CBI) passports bought from St. Kitts and Dominica to clean the proceeds of crimes conducted in the Peoples' Republic of China, and you are sharp, you will have noticed that their SKN and Dominica passports have appeared in the local media reporting on the arrests and seizures of millions in cash and valuables. While the faces were blacked out, the photographs of the offenders appeared elsewhere, leaving no doubt about the fact that these CBI identity documents were the method of choice for these career criminals.

What is amazing is that major international bank branches in Singapore actually accepted these passports as proof of not only identity but of nationality.either the compliance officers at these banks were guilty of compliance malpractice, or the officers received illegal gratuities to pass clearly suspicious transactions. Either way, the frontline compliance staff at these banks, all of which are now under criminal investigation by Singaporean authorities, deserve to be terminated, if not indicted, for any newly minted compliance officer knows that many CBI passports, issued by the five East Caribbean states and the republic of Malta, are employed by white collar criminals engaged in money laundering, financial fraud, and identity manipulation. Who on earth is watching the store at those banks?

Compliance officers pay close attention: if someone hands you a CBI passport from ST.KITTS & NEVIS, DOMINICA, ANTIGUA & BARBUDA, ST. LUCIA, GRENADA or MALTA, conduct enhanced due diligence immediately, unless you want your bank to be named & shamed on the pages of the New York Times. Without exception, ladies and gentlemen.