ANGUILLA CONTINUES TO IGNORE FRAUD AND CORRUPTION IN ITS OFFSHORE INDUSTRY

Anguilla, a British Overseas Territory in the Eastern Caribbean, is an offshore financial center whose operation heavily supports the local economy. There is no tax in offshore entities, regarding corporate income, capital gains, estate, and gift taxes. One can easily and quickly incorporate there from a remote location, first using the online facility known as ACORN, and now Commercial Registry Electronic System (CRES) the subsequent platform; note that beneficial owner information is not publicly available.

While there is supposedly regulatory oversight, from the Anguilla Financial Services Commission (AFSC), we found in our investigation, as we have demonstrated in our continuing series of articles, that fraud and corruption are allowed to occur, and that complaints and inquiries from parties who suffer damages as the direct result of such misconduct are summarily ignored, or excused.

In the case that we have been analyzing of late, complaints of obvious misconduct verging on negligence, on the part of the Registrar of Companies, was rejected, not only by the AFSC, but by the Governor's Office itself. There is substantial correspondence to and from both to support this conclusion. The fact that the Governor, Her Excellency JULIA CROUCH, chooses to ignore the matter is significant, as all offshore schemes are by definition fragile, and their continued attraction to users is dependent upon confidence that crimes will be promptly and aggressively addressed.

Governor Crouch

We accuse the Governor's Office of pointedly ignoring what is a valid complaint, supported by a judicial determination of its validity, of misconduct of agencies under its command, and in the private sector, and where questions of corruption and mismanagement were completely ignored. If Anguilla's government is unable or unwilling to supervise its offshore financial scheme, and that status becomes public knowledge in the financial world, clients will correctly choose to do business elsewhere, and the local economy, which is dependent upon such business, could suffer a serious loss in necessary income.

IS THE UK'S NEW 2026 RULE ON ENTERING DUAL NATIONALS EXPRESSLY DESIGNED TO FOIL BRITAIN'S RESIDENT MONEY LAUNDERERS?

If you read the recent report that now requires British citizens who are dual nationals to produce their UK passport at Border Control when entering, it may be for more than statistics or processing convenience. When I was a career money launderer, I always used different forms of identification, when leaving and later entering the United States. Basically, it's Confusion to the Enemy.

British laundrymen, who have heretofore been able to deploy one of their trusty Citizenship by Investment (CBI) passports at entry, which of course do not correspond with their previous exist with a UK passport, to foil tracking, ongoing criminal investigations, and to minimize the chances that they will be detained, searched and arrested when entering Britain, will no longer be able to utilize their CBI passport to pose as an ever-so-slightly different individual, with say a difference middle name or confusing DOB or Place of Birth.

if this was the intent of the British Government in enacting this new regulation, my hat is off to them.

REPEATED SCANDALS OVER CRIMINALS ABUSING SAINT KITTS & NEVIS CBI PASSPORTS HAVE STIGMATIZED THEM, RESULTING A MAJOR DECREASE IN BOTH CONSUMER INTEREST, AND ACTUAL SALES

The horror stores in the press are endless; a sanctioned billionaire linked to the IRGC; an Asian fraudster who stole billions; Chinese criminals arrested in the United States; an Iranian oil sanctions evader who diverted billions with his crew; the list goes on and on and on. It has now resulted in a massive reduction in the number of individuals who are interested in purchasing a Citizenship by Investment passport from Saint Kitts & Nevis. When wealthy consumers heard about the major scandal involving illegal discounts of the sales price, fraud, money laundering and corruption, they sought the citizenship programs of other jurisdictions.

While the leadership in Basseterre tries to say it is business as usual, internal political dissent, regarding how the Drew administration is handling CBI, has become open and hostile, consumers reading local media are turned off, notwithstanding the expensive, glossy media campaign, passing off SKN passports as the "Gold Standard." Consumers aren't buying it, and holders of those expensive identity documents fear that their investment is in jeopardy.
They have a right to be concerned. Will they themselves now be interrogated upon arrival at immigration? Will those SKN passports become useless? Stay tuned.

DO SPONSOR BANKS HAVE A DUTY TO BUILD AN EFFECTIVE AML COMPLIANCE PROGRAM FOR THEIR FINTECH PARTNERS?

Given the fact that regulators seem to be moving in the direction of holding sponsor banks strictly liable for the money failures of their sponsor bank partners, it would seem logical, from a risk management point of view, that they take the initiative, and actually have their director of compliance assist with the set up of fintech compliance departments. This would mean locating staff talent who can be effective on AML/CFT, and seeing that the software that is installed there and in active use, (with adequate training) attains that favored banking best practices level.

I know this sound like a budget-buster, but it there really any choice, in what is becoming a strict regulatory world, as to be honest, fintech business at a bank enlarges it business volume, results in additional accounts and new consumer clients, and is, in essence, lucrative.

Therefore, from a purely risk standpoint, it is the right thing to do, even if the sponsor bank must pay for the essential software, which it itself is already using in-house. Money launderers most certainly are aware of the AML deficiencies fintechs, especially the startup variety, possess, and go right for those obvious vulnerabilities; don't give them the opportunity to use the fintechs to launder the proceeds of crime through them, and into your bank.

THE GOVERNMENT OF ANGUILLA HAS FAILED TO RESPOND TO CORRUPTION, EVEN THOUGH IT HAS BEEN REDUCED TO A JUDGEMENT IN COURT

In advance of our next segment in the continuing series detailing fraud and corruption in Anguilla, I want to be perfectly clear about the validity of the allegations being detailed; the whistleblower's claims has already been adjudicated in a court of competent jurisdiction. A final judgment has been entered in his favour, and this information has been conveyed to the Government of Anguilla. There is sufficient correspondence to confirm that requests that government take action to insure that justice will prevail, and accountability, at both the official, as well as the private level, have been timely made.

Unfortunately, the relevant government officials in Anguilla have failed to assist the whistleblower in any way, forcing him to disclose the matter to journalists, to seek redress in this public forum. Rest assured that the matter has been litigated, and the results obtained are therefore Res Judicata. The entities and agencies I have named are therefore estopped from claiming that proof is lacking, or that the claims are bogus.

Readers are invited to watch as the tale of corruption continues to be told here, where we will display the terms of the judgment, and the relevant email correspondence showing the efforts by the whistleblower to bring the fraud and corruption to attention of the authorities, to no avail.

TO SOLVE FINTECH AML ISSUES IN REAL TIME, SPONSOR BANK PARTNERS MUST HAVE A DIRECT CONNECTION TO BOTH THEIR COMPLIANCE TEAM AND SOFTWARE PROVIDER

We have covered the unique disadvantages that plague fintech, when it comes to having effective AML compliance; there will always be inexperienced compliance officers, and a corporate culture that emphasizes growth and thereby profitability over good compliance gatekeeping procedures, so a workaround is not only good business, it is necessary, if sponsor banks are to protect themselves from money laundering problems that originate at their fintech partners.

It is time for sponsor bank partners to offer an effective and timely solution. We humbly suggest a two-part response:

(1) Set up a dedicated telephone line, and email address, within the sponsor bank's compliance department, whose sole mission is to respond to real-time AML or CFT queries from fintech frontline compliance officers. Incoming queries are to have immediate, priority attention, forthwith, with proper alerts to warn sponsor bank compliance that one exists. This way, they will get answered first. call it a "hotline" to solve problems.

(2) Arrange a specific contact act at the outside firm which provided the software products that the sponsor bank delivered to the fintech, to assist with compliance, so that technical issues, or the need for additional platforms, can be addressed when they arise.

This way, fintech compliance officers have a direct contact with someone experienced at frontline AML, who can answer specific questions about a problem, as well as software providers who can supply technical support, or suggest new products, where issues arise. Short of placing their own staff inside fintechs, we believe this is a way to answering the questions of active, frontline fintech compliance officers, on the spot, and without delay.

ANGUILLA CONTINUES TO ATTRACT DODGY FOREIGN LAWYERS,WHO ARE FACILITATED BY FINANCIAL SERVICE COMPANIES, AND POINTEDLY IGNORED BY GOVERNMENT REGULATORS

Elvia Moenir-Alam

Back in the day, the British Overseas Territory of Anguilla was known to be user-friendly to money launderers, white collar criminals looking for a place to park their proceeds of crime, and other individuals which we label the Usual Suspects, some of whom were actually arrested in Anguilla itself and removed by foreign law enforcement agencies. During the period of the 1980s, Scotland Yard had some of its detectives granted arrest powers in the British Caribbean possessions and they worked out of the Miami FBI headquarters during that period.

After 9/11, there was a flurry of activity that was supposed to result in reform of the most notorious Caribbean"tax havens," or offshore financial centers involved in laundering criminal profits, including Anguilla, and I was given to understand that financial misconduct was a thing of the past there. However, after recently receiving information from a whistleblower there, himself a noted professional, I have learned that,. at least in some quarters, it is still business as usual.

to illustrate the current situation, I present the first example; Sint Maarten attorney, ELVIA MOENIR-ALAM, pictured here, known to represent dodgy clients alleged to be involved in narcotics trafficking. Notwithstanding that reputation, she had no problem committing a major fraud in Anguilla, allegedly assisted by the financial services firm, VISTRA CORPORATE SERVICES (ANGUILLA) LIMITED, whose name you may be familiar with, due to its involvement with the massive $4bn cryptofraud that was BINANCE HOLDINGS, which resulted in a Federal indictment, and a new major civil suit, filed by the survivors of the Hamas attack on Israel.

Vistra accepted, and processed, an Anguilla shell company, that had a name deceptively similar to that of an existing company, and which therefore should never have been completed; any mandatory name search conducted would have revealed that it was not acceptable for filing. Furthermore, the existing name was the fee simple title holder and owner of real property in Sint Maarten, owned by an Anguilla International Business company, creating the possibility that the fraudster, Moenir, could illegally transfer title, and obtain an asset that was not hers. Without Vistra's negligence in creating this new deceptive entity, such a fraud would not be possible.

We will be further detailing this matter, but the reader should be aware that there is another bad actor that contributed to the fraud: the Anguilla Company Registry negligently created the new entity for Moenir, with a deceptively similar name, and whose continuing misconduct the subject of our next upcoming article; Stay tuned.

FINANCIALLY BACKED BY CARIBBEAN GALAXY, FORMER PRIME MINISTER TIMOTHY HARRIS COULD RETURN TO POWER IN SAINT KITTS AND NEVIS

When Team Unity collapsed, few observers expected the Saint Kitts and Nevis Labour Party to return

to power so decisively. Yet the fragmentation of the coalition opened the door for the Labour

government to take office in a surprise electoral outcome. Nearly four years later, the political landscape 

has shifted once again. Saint Kitts and Nevis is facing mounting economic hardship, with Citizenship by 

Investment (CBI) revenues reportedly declining sharply from approximately $600 million per year to just 

over $100 million. This contraction has created fiscal pressure, rising public dissatisfaction, and political 

vulnerability for the current administration.

A relentless political comeback; Former Prime Minister Timothy Harris has never stepped away from the

political battlefield. He has remained in continuous campaign mode, maintaining visibility across 

constituencies, and positioning himself as an experienced alternative amid growing frustration with 

the current government. For a segment of the electorate, Harris symbolizes a return to economic activity

and state revenue growth associated with the peak years of the CBI program, despite the controversies 

that accompanied that era.

 According to reliable intelligence sources familiar with regional political financing, Caribbean Galaxy and its 

principal, Ying Jin, are financially backing Timothy Harris’s upcoming electoral campaign, as is Les Khan,

who jointly manages Caribbean Galaxy.These sources indicate that financial support is being provided 

with the clear objective of facilitating Harris’s return to power. The agreement took place in Saint Lucia.

It is publicly known that Timothy Harris and Ying Jin are represented by the same legal counsel,

Peter Foster, based in Saint Lucia. This overlap, combined with the intelligence assessments, reinforces

perceptions within diplomatic and policy circles of an ongoing strategic alignment between the former

prime minister and the Chinese-linked CBI operator. Neither party has publicly confirmed these claims.

Peter Foster

There is a Strategic Coalition with Nevis; In parallel, political sources report that Harris has reached an 

understanding with the Nevis-based Nevis Reformation Party (NRP) under NRP leader Janice Daniel-Hodge.

Such an arrangement would significantly alter the electoral balance, opening the path for a coalition government 

between Harris’s People’s Labour Party (PLP) and the NRP.If realized, this coalition would provide Harris with 

a credible parliamentary route back to office, particularly in a closely contested election environment.

PUSHBACK ON MONEY LAUNDERING THROUGH ANGUILLA IGNORES THE TERRORIST FINANCING FUNNELED THROUGH ITS FINANCIAL INSTITUTIONS

No sooner did I start my investigative series on current corruption in Anguilla than those individuals who don't want the truth to come out start trying to shoot the messenger. I certainly don't deny that I laundered the proceeds of narcotics crime in that British Overseas Territory, with the able assistance of the late Billy Herbert, a Kittitian attorney who had an office in the Valley, Anguilla's capital.

Now I am hearing claims that Dr. Herbert was not engaged in financial crime; in truth and in fact one of his primary clients was the Irish Republican Army ( IRA), which collected "donations" from Americans in New England, and laundered those funds through Anguilla, which were ultimately used to illegally purchase firearms and explosives, for terrorist use in Northern Ireland. That is textbook terrorist financing; we know that some of those illicit, but now cleaned, funds were seized by an agency of the British government whilst in transit, and that their loss was blamed by the IRA on Herbert. His death was no maritime mishap, according to American law enforcement.

All those in Anguilla who are so busy disputing the facts should consider that activities I am discussing include a subject far more serious than simple drug money laundering in Anguilla during that period, but extend to terrorist financing as well.

WHAT IS AN AMERICAN AIRCRAFT CARRIER DOING IN A "RACE TRACK" HOLDING PATTERN NORTH OF CUBA?

The arriving GEORGE H.W, BUSH;We cannot say, but we will be watching. We do note that our current Secretary of State, Marco Rubio, has made no secret of American opposition to the autocratic regime that has oppressed the Cuban people since 1959, first through the dictator FIDEL CASTRO, and then through his successors, who have destroyed what was the most successful economy south of the United States. Will the United States now act against the regime, directly or indirectly, to bring it down? That is one of the most pressing questions that the Caribbean faces in 2026; stay tuned,

CHINA'S OPEN PIT MINING IN DOMINICA IS AN ECOLOGICAL DISASTER AND ITS SUSPICIOUS AIRPORT CONSTRUCTION, WITH A 3000 METER RUNWAY, COULD ACCEPT MILITARY TRANSPORTS FROM ASIA

DIA, January 2026 construction status

If you are not following the construction of the new Dominica International Airport, in the extreme north east of the country, perhaps you should. China is engaged in horrific open-pit mining in Dominica's mountains, ostensibly for "stones" for the airport, but in truth and in fact, is extracting strategic metals, according to a number of reports posted online by Dominicans outraged that Prime Minister ROOSEVELT SKERRIT is permitting the plunder of his country's precious natural resources by a China that dominates Dominican domestic politics. Geologists and environmentalists in Dominica are up in arms about the situation. Unfortunately the country's hard-nosed Minister of National Security, RAYBURN BLACKMOORE, is covering it up.

Minister Rayburn Blackmoore

As for the airport, which will have obvious military applications, due to its extreme length, a not quite 10,000 runway, not necessary by any means for the alleged use, airliners with tourists coming from North America, there is a disturbing parallel to the airport under construction in Grenada in 1983, with Cuban logistical support of Soviet intentions at that time to expand its influence over the Caribbean, and we well remember the American military response to that national security threat to the United States.

2027 landing @DIA?

The United States should ask the Government of Dominica to present the Environmental lmpact Assessment and approved plans for the International Airport  to prove it is indeed a civilian airport, and not a Chinese military runway being built in the America’s Third Border.

Unfortunately, PM Skerrit does not appear to be taking the new active foreign policy changes of the Trump Administration, regarding the Eastern Caribbean, seriously. He will, most likely, be in for a surprise, and risk managers with companies with Caribbean exposure should govern themselves accordingly.

Deja vu?

IS THE UNITED STATES ABOUT TO IMPOSE A TRAVEL BAN ON SAINT KITTS & NEVIS AND SAINT LUCIA?

Rumors are flying around the Eastern Caribbean that the Trump Administration, having had it with the refusal of both Saint Kitts & Nevis and Saint Lucia, to stop selling Citizenship by Investment (known as CBI & CIP) passports to career criminals and foreign intelligence agents, who then use them to obtain visas to enter the United States, will shortly impose a total travel bank on the citizens on the citizens of those two island states. We believe that there is a factual basis for those fears, since some individuals from those jurisdictions have reported back to their leaders being detained upon arrival in the United States, questioned about their relationship with CBI programs, and even interrogated about their intentions and plans regarding their visit.

It has reached the point where St. Kitts' Drew Administration, which is distrusted by the vast majority of the voters who once elected his Labour Party to office, has been forced to issue a bland press release, trying to assuage voters about the coming storm, when travel to the U.S. is blocked, and they cannot visits expats there who are family members, or for business purposes.

We are monitoring a statements regarding the Caribbean by the Department of State, and will report on all developments on this subject as they occur.