Silent Crime

By

Ricardo Swire

The United Nations Office on Drugs and Crime (UNODC) describes human trafficking as “an act of recruiting, transporting, transferring, harboring or receiving a person through use of force, coercion or other means for the purpose of exploiting them.” Continue reading “Silent Crime”

Black Market Spillovers

AFP photo

 

By

Ricardo Swire

The black market was created for popularly demanded goods and services to be traded in a manner contrary to national law. Annual time series data indicates size and growth of such unreported income and implied tax gap significantly affect a country’s deficit, debt and tax reform totals. Domestic organized criminal syndicates monopolize black market facilities to provide forbidden products and amenities.

Continue reading “Black Market Spillovers”

Caribbean Money Laundering Choke Hold

CMC photo

 

By

Ricardo Swire

Sophisticated money laundering schemes invisibly bankroll transnational drug cartels’ presence in the Caribbean community. The cold war’s end signaled the start of an era where Russian organized crime syndicates formed alliances with Italian Mafia and Colombian drug cartels to invest billions of dollars looted from the former Soviet Union coffers.

Continue reading “Caribbean Money Laundering Choke Hold”

Trans-Shipment Point

By

Ricardo Swire

The Co-operative Republic of Guyana is a signatory to the international Single Convention on Narcotic Drugs pact, the Convention on Psychotropic Substances agreement and the Convention against Trafficking of Drugs & Psychotropic Substances treaty. The Anti-Money Laundering & Counter Financing of Terrorism Acts also bear official signatures from Georgetown.

Continue reading “Trans-Shipment Point”

Fraud Masters

By

Ricardo Swire

On March 7, 2017 Republic of Guyana Special Organized Crime Unit (SOCU) detectives detained the country’s ex-President of twelve years, Bharrat Jagdeo, along with the daughter of another past President, Donald Ramotar and Dr Roger Luncheon, a former Presidential Secretariat boss was also among detainees, implicated in a high level investigation of fraudulently obtained State monies.

Continue reading “Fraud Masters”

The Third Border

By

Ricardo Swire

Caribbean nations’ importance as the US “third border” is often overlooked. America and Canada depend on law enforcement cooperation in illegal drug trafficking, migrant smuggling and financial crimes that threaten both foreign and regional security interests.

Continue reading “The Third Border”

The ‘De-Banking’ Element

By

Ricardo Swire

Financial institution gurus term the trend “de-risking” or “de-banking.” Over the past five years several major international banks discarded longstanding Caribbean relationships. Barbados, the Bahamas, Eastern Caribbean Currency Union (ECCU), Guyana, Haiti, Jamaica and Trinidad & Tobago all had Correspondent Bank Relationships (CBR) terminated. That US dollar transactions underpin commerce is a unanimous worldwide rule.

Continue reading “The ‘De-Banking’ Element”