Antigua And Barbuda

Featured Antigua And Barbuda

Fugitive businessman Mehul Choksi goes missing, says Antiguan police

Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,500-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he has been staying since January 2018, his lawyer and the Royal Police Force of the Caribbean island nation said. The businessman was last seen on… Read More

Ponzi and Pyramid Schemes Spread Across Caribbean

By Katya Bleszynska, InSight Crime, 9 March 2021 InSight Crime — A new investigative report shows Ponzi and pyramid schemes have proliferated across Caribbean countries during the pandemic, and authorities have been unable to keep up. The report — by the Caribbean Investigative Journalism Network (CIJN) —… Read More

The AML System: A Failure of Statecraft?

Consider the current state of anti-money laundering efforts across the globe. Around 2% of global GDP is laundered annually, amounting to between $800B – $2T. Banks spend around $8B annually fighting it but affect only 0.1% of criminal finance. What we know then is that the ROI of the… Read More
16th July 2020
UK officials praised progress by eight British overseas territories to open their company registers to the public by 2023, in a statement Wednesday. The commitments, long-sought by transparency advocates, will permit private citizens to access data on the beneficial owners of companies registered in Anguilla, Bermuda, Cayman Islands, the Falkland Islands,… Read More
30th July 2019
John Christensen called Jersey home. A native of the scenic isle off England’s southern coast, he was a government economist with a hillside villa that had views of France. “I was set,” Christensen said last month in an interview at a London cafe. “We had a pretty good lifestyle and… Read More
23rd January 2018
European Union officials have removed eight jurisdictions from its blacklist of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns. Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates are moved to… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
13th July 2016
The government of Antigua & Barbuda has launched a National Risk Assessment programme to measure the country’s vulnerability to money laundering and terrorist financing. Director of the Office of National Drug and Money Laundering Control Policy (ONDCP) Lieutenant Colonel Edward Croft said the assessment is essential in determining government’s baseline against which… Read More
23rd June 2016
Former U.N. General Assembly President John Ashe of the twin-island Caribbean nation of Antigua and Barbuda died on Wednesday in the United States as he was facing criminal charges in a bribery case. He was 61. Ashe died at his home in Dobbs Ferry, New York, according to Sgt. Vincent Ingani,… Read More