Confirmed: The United States government has put Antiguan banks on notice that it will be monitoring their activities to ensure that “dirty” money does not filter into the system through the Citizenship by Investment Programme (CIP). Manager of an international bank, located in Antigua, told local media that the banking fraternity has been warned that if caught accepting money from questionable sources, they run the risk of losing the services of corresponding banks in the United States. “If we are found in breach, it means we will not be able to conduct business in the United States or any where else outside of the region,” the bank official said. Antigua & Barbuda launched its Citizen by Investment programme late 2013 and, to date, only Syrian George Georges has been publicly seen to have obtained an Antigua & Barbuda passport for himself and his family. The US has indicated that they consider monies from investors in certain countries to be linked to terrorism circles and transfer of this “dirty” money has to be stopped by all means. The banks are particularly concerned that agents for people seeking citizenship in Antigua & Barbuda could circumvent the processes set up by the government to safeguard the initiative.
Posted on: Mon, 07 Jul 2014 19:01:04 +0000
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