November 27, 2021

US report challenged by Antigua-Barbuda government

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By Seb Kelly From WIC News

The government of Antigua and Barbuda has challenged the findings of the United States 2018 International Narcotics Control Strategy Report (INCSR).

The document publicly labelled all member-states of the Caribbean Community (CARICOM) as “major money laundering jurisdictions”.

Antigua and Barbuda’s Ambassador in Washington, Sir Ronald Sanders, dispatched a diplomatic note to the US State Department.

He pointed out that “inaccurate, misleading and wrong information in the INCSR has harmed and continues to harm Antigua and Barbuda, particularly in the financial services sector, including the area of correspondent banking relations.”

“In these circumstances,” Ambassador Sanders said, “the government of Antigua and Barbuda is forced to defend Antigua and Barbuda publicly from the harmful effects of the inaccuracies and misinformation in the INCSR 2018 by releasing its detailed response”.

In its overview, the INCSR 2018 states that “Antigua and Barbuda has a very small free trade zone and an offshore financial centre.

“Yet, having admitted that the jurisdiction has a very small free trade zone and offshore financial centre, the Introduction to the entire report identifies Antigua and Barbuda (and all other Caribbean Community (CARICOM) countries) as a ‘major money laundering jurisdiction’.”

In a statement, the government of Antigua and Barbuda said it “calls on the Department of State and the government of the United States to provide the evidence substantiating its statement and undertakes to act on the evidence forthwith.

“In the absence of such evidence, the government of Antigua and Barbuda is constrained to assume that the statement in INCSR 2018 is based on gossip and not worthy of further action.”

For more on this story go to: http://wicnews.com/caribbean/us-report-challenged-antigua-barbuda-government-033110361/

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