The head of the Clearing Banks Association said it is “difficult to anticipate” what the reaction of key international bodies and the United States will be to the government’s plan to regularize the web shops.
Topic: money laundering
“Dire consequences” for the financial sector and the Bahamian economy could result from a perception among international agencies monitoring issues of money-laundering and terrorist financing that The Bahamas is being “lax” in its handling of web shops.
Crime Pays! Drugs, gun running, human trafficking and money laundering are upon as viable industries in many Caribbean countries. This is undermining national security. and needs to stop.
An accomplice of the illegal numbers racketeers admits that web shop kingpins have issued over $100 million in illegal mortgages, jeopardizing the commercial banking industry.
Just when you thought you’ve seen it all, the PLP shows you they can be even more corrupt than you ever imagined.
The US State Department listed Antigua and Barbuda, Bahamas, Belize and Haiti as among major money laundering countries and jurisdictions around the world.
In an annual end of year message filled with nonsense, Bank of The Bahamas Managing Director Paul McWeeney tried to justify his abject incompetence, after causing the bank to lose nearly $2 million dollars in 2013.
Cash for gold businesses may be shut down in light of information suggesting that some of the operations could be used to launder money.
The one major question that keeps coming up is “would the Bahamas be blacklisted by the United States if it attempts to deposit monies gained from the numbers business?”
