WHY IS THE DEPARTMENT OF JUSTICE ASLEEP AT THE WHEEL REGARDING RAMPANT CITIZENSHIP BY INVESTMENT MONEY LAUNDERING THROUGH U.S. CORRESPONDENT BANKS?

The billions of US Dollars that have been cleaned through the correspondent accounts of several Caribbean banks involved in CBI is only the latest in a never-ending cycle of money laundering that originates from that region. The huge volume of cash that American banks have allowed to enter those accounts with impunity, for years, without any major enforcement action being taken by the Department of Justice, cannot be explained. Since the banks, by and large, have been left to their own AML/CFT programs, they have not, with rare exception, clamped down on the indigenous banks of the Caribbean, whose corruption and ineffective compliance policies have been responsible for allowing massive amounts of criminal proceeds to enter their correspondent accounts in the US.

The present scandal involving the purchase of economic citizenships at illegally-discounted rates, and illicit capital flight of billions to China may have caught the attention of the financial world, but pervasive money laundering, with cash coming from the Caribbean, has been a chronic problem not suppressed by America's Federal prosecutors.Whether we blame America's passive attitude towards corrupt Caribbean governments and their local allies, due to a national policy of non-interference in our backyard, or just a preference to devote attention to regions deemed to have a high priority, due to National Security, America can no longer allow the Caribbean to clean dirty cash through our banks.

We can only hope that the filing of the civil RICO case will galvanize the Department of Justice into action, so that it can commence sufficient enforcement action to interdict the rampant money laundering now infecting our banks from the Caribbean, employing all the tools in its command, including indictments, OFAC sanctions, FinCEN action, and whatsoever additional remedies it deems necessary and proper. Please, DOJ, reign in money laundering coming from our Caribbean neighbors; things are really getting out of hand of late from CBI.