Several Caribbean countries named in US money laundering report

first_img Share Share NewsRegional Several Caribbean countries named in US money laundering report by: – March 5, 2014 Share Sharing is caring!center_img Tweet 50 Views   2 comments The US State Department listed Antigua and Barbuda, Bahamas, Belize and Haiti as among major money laundering countries and jurisdictions around the world.The United States has named several Caribbean Community (CARICOM) countries as major money laundering states whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking.In its just released “2014 International Narcotics Control Strategy Report,’ the US State Department listed Antigua and Barbuda, Bahamas, Belize and Haiti as among major money laundering countries and jurisdictions around the world.In addition to these CARICOM countries, the other Caribbean islands named are the British Virgin Islands and the Cayman Islands.The report also notes that countries like the United Kingdom, the United States, Australia, Brazil, Russia, France, Canada as well as the Dominican Republic, Germany, Greece and the Netherlands had been designated major money laundering countriesThe report which describes the steps taken during the previous year by the governments of nearly 90 countries,   to reduce illicit narcotics production, trafficking, and use, as well as money laundering and financial crimes, said that the “complex nature of money laundering transactions today makes it difficult in many cases to distinguish the proceeds of narcotics trafficking from the proceeds of other serious crime. “Moreover, financial institutions engaging in transactions involving significant amounts of proceeds of other serious crime are vulnerable to narcotics-related money laundering.”Washington said that “this year’s list of major money laundering countries recognizes this relationship by including all countries and other jurisdictions, whose financial institutions engage in transactions involving significant amounts of proceeds from all serious crime”.The report also notes that Caribbean countries like the Bahamas, Belize, Haiti and Jamaica had been classified as major drug-transit countries.The State Department defines  a major drug transit country as one “that is a significant direct source of illicit narcotic or psychotropic drugs or other controlled substances significantly affecting the United States; or  (B) through which are transported such drugs or substances”.It said that apart from the Caribbean countries, Afghanistan, Bolivia, Burma, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, India, Laos, Mexico, Nicaragua, Pakistan, Panama, Peru, and Venezuela were identified and notified to Congress by the President on September 13, last year.CMC Newslast_img read more

Monmouth wins Lafayette Pentagular outdoor meet

first_img Getting considerable help from area athletes, the Monmouth University men and women were victorious at the Lafayette Pentagular Meet in Easton, Pa. The Hawk men dominated the field, rolling up 242 points to runner-up Lafayette’s 116. Ex-Christian Brothers Academy star Mike Socha won the men’s long jump with a 22-2. In the throwing event, Monmouth was paced by its all-American Jon Kalnas. Kalnas, who kept resetting the indoor shot put record during a winter season in which he finished fifth at the National Collegiate Athletic Association Division I championships, spun the discus 162-11, finishing first. Monmouth’s women needed every point the Hawks earned to beat host Lafayette, 163-156. Middletown South grad Katie Pachuta, the 2001 New Jersey State Interscholastic Athletic Association discus champion, picked up where she left off with the Eagles last spring by winning the discus throw in Easton at 125-10. Also winning for the Hawks was ex-Red Bank Catholic standout Suraya Kornegay, who took the 400 meters in 56.76. She also ran on the 4×400 relay team that took first in 3:57.85. The Hawks’ only other individual winner among the women was Lisa Ricciardelli. She scored two wins. She was first in the hammer throw (156-3) and then won the pole vault in a school record 11-0. Monmouth records continued to fall Saturday in Durham, N.C., at the Duke Invitational. Kalnas unleashed a 172-2 discus throw to set a new school standard. He also won the shot put at 61-0 3/4. Speid broke his own 400 mark with a 47.27. Kornegay ran fifth in the 400 meters, but lowered the Monmouth school record to 56.6. That was an ECAC Championship qualifying time. The Hawks will be in Charlottesville, Va., Saturday for the Onesty/Arbamson Invitational at the University of Virginia. Staff Writer By tim morris last_img read more