Tag Archives: Anti-Money Laundering

CARICOM Crime and Security Chief under investigation: Corruption, Fraud

Lynne Anne Williams accused of “Corruption, Misappropriation, hiring of unqualified staff, fraudulent accounting practices”

The Implementation Agency for Crime and Security (Impacs) is headed by Lynne Anne Williams, who took over in September of 2009. She makes US$14,000 a month plus expenses, but that wasn’t enough so she created phony travel expense invoices and pocketed the money.

Anyone ever heard of “Darreyl’s Bungalow Short Term Accommodation” in Barbados? Nope. Me neither.

But Lynne Anne Williams stayed there and billed for it.

And that is nothing, just a flea bite compared with all the allegations we’re seeing in the Trini press. Yup, Williams; visited Barbados for a 20 day security meeting that never happened and she billed for the whole thing – right at Crop Over too. Must be a coincidence!

“This signifies a clear recognition by the Caribbean Community….of the danger that unchecked financial crime poses to our economic and political systems” said Lynne Anne Williams, the Executive Director of CARICOM IMPACS.

Lynne Anne Williams speaking about money-laundering back in January 2011. What a joke!

Yup, it’s really hit the fan at IMPACS, and it’s not just Williams either. The allegations are flying and it’s not he-said, she-said stuff because copies of the phony invoices are in the hands of the newspapers.

So what will happen? Come on folks… you know what’s going to happen in the end. Lynne Anne Williams will quietly retire, no charges will be laid and it will all fade away. Because…

Our Assessment: Williams is guilty as hell, but will never be charged because before coming to IMPACTS she headed the Special Intelligence Agency for 14 years and nobody is going to mess with what she knows.

Who will watch the watchers? Continue reading

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Filed under Barbados, CARICOM, Corruption, Crime & Law, Ethics, Police

Government Admits Barbados Anti-Money Laundering Authority Acted Illegally and Without Authority For Two Years

International Embarrassment For Barbados

For over two years, personnel of the Barbados Anti-Money Laundering Authority (AMLA) illegally shared confidential financial, banking and other information with law enforcement agencies and governments around the world. Just one little problem: AMLA personnel had no legal authority to do what they did.

AND THAT, my friends, means that Barbados AMLA personnel committed crimes. Lots of ’em – at least one for every time they transferred or received certain information.

According to a Barbados Advocate article, the Government of Barbados today proposed legislation to retroactively make the illegal AMLA acts “legal” – AND GET THIS – “and all matters purported to have been done under that Act shall be deemed to have been lawfully and validly performed and done as if the Authority had been lawfully and validly appointed…”

“Purported” ???

The Owen Arthur BLP Government Took The Foreign Aid Money But Failed To Legally Establish AMLA

According to the legislation proposed by the current Barbados Government, the AMLA personnel were operating illegally from August 1, 2006 to September 14, 2008 (both dates inclusive). In 2006, Owen Arthur was Prime Minister. The BLP Government had several Attorneys General with the last being Dale Marshall who famously failed to pass the required legislation to make the new $300 million Dodds Prison “official” – thus delaying its occupancy by inmates. Mia Mottley was also Attorney General under Owen Arthur. In August 2001, then Attorney General David Simmons (now Chief Justice) delivered the feature address at the launch of the Anti-Money Laundering Authority.

Each one of the BLP Attorneys General had the responsibility for AMLA but it seems that the government fouled up in August of 2006 and the unit operated without legal authority until September 15, 2008 – some eight months into the new DLP government of David Thompson.

One can hardly blame the current DLP government for failing to immediately realize that a government agency they inherited was operating without legal authority to do so. There is, however, the matter of all the money that the USA has provided to Barbados to establish and operate the Anti-Money Laundering Authority.

And there is a case to be made that, as with the European Union sugar subsidies, Barbados took the AMLA funding from the USA and then spent it on something else…

Did A Blog Article Set Off American or Barbados Government Alarm Bells?

On February 16, 2009 the Keltruth Corp’s Barbados Money Laundering and Offshore Business Advisory blog published a story that asked Does the Barbados Anti-Money Laundering Authority Really Exist?

This excellent piece of investigative journalism made the astounding observation “I can find a little evidence to suggest that AMLA is fully operational or even that it exists…”

Barbados Free Press picked up on the article and stated…

But guess what friends? AMLA doesn’t pass the smell test for being a real and operational government entity!

Our bet… AMLA is nothing but a paper shell operating out of the Financial Intelligence Unit and is not a stand-alone organisation with independent staff as mandated and pretended by the Barbados Government.

Why would they pull off that fast one? For the U.S. aid money, of course!

Shhhhhh…. doan be tellin the US Embassy, Ok? (Original BFP story – Report: Barbados Anti-Money Laundering Authority A Phony Shell – Doesn’t Really Exist!)

Judging by the legislation put forward today to “legalize” the past illegal acts of Anti-Money Laundering Authority personnel, the folks at Keltruth Corp.  may have raised the alarm with their February 2009 report.

While we hardly expect the Barbados or American governments to admit that an article on a blog had anything to do with this latest legislation, at the very least the legislation shows that Keltruth Corp. was spot on with their doubts about the legitimacy of the Barbados Anti-Money Laundering Authority.

Well done, Keltruth Corp!

Further Reading

Here is the article from the Barbados Advocate so it will be available in full after it is pulled from the internet by the paper… Continue reading

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Report: Barbados Anti-Money Laundering Authority A Phony Shell – Doesn’t Really Exist!

Barbados Government Agency With No Staff Designed To Look Good & Receive U.S. Foreign Aid Funding?

Oh My!!!

Those curious folks over at Barbados Money Laundering Advisory have been doing a little digging into the Barbados Government Agency known as the Barbados Anti-Money Laundering Authority (AMLA).

Our own sources tell us that Barbados AMLA receives all kinds of funding from the United States Government for doing, well, anti-money laundering activities. AMLA has responsibility of supervising financial institutions, making it the principal supervisory entity in the fight against money laundering in Barbados.

But guess what friends? AMLA doesn’t pass the smell test for being a real and operational government entity!

Our bet… AMLA is nothing but a paper shell operating out of the Financial Intelligence Unit and is not a stand-alone organisation with independent staff as mandated and pretended by the Barbados Government.

Why would they pull off that fast one? For the U.S. aid money, of course!

Shhhhhh…. doan be tellin the US Embassy, Ok?

Barbados Money Laundering Advisory has all the research and facts in their well-written and quite disturbing story Does The Barbados Anti-Money Laundering Authority (AMLA) Really Exist?

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Filed under Barbados, Business & Banking, Corruption, Crime & Law, Offshore Investments, Police, Political Corruption, Politics, Politics & Corruption