By: Fitzroy ‘The Centipede’ Vagao
In his financial crime blog dated April 2, 2017, Kenneth Rijock stated that ‘the current estimate is that 200-300 Russian nationals hold Dominica passports, reportedly obtained through the Citizenship by Investment program.’
He went on further to state that ‘If Dominica was to disclose the identities of its dodgy diplomatic passport holders’, we might get a glimpse into their money laundering activities’.
The US Department of State recently released its March 2017 International Narcotics Control Strategy Report. Aside from narcotics related activities, the report focuses on money laundering and financial crimes in the international community.
The report stated that ‘Dominica has achieved technical compliance with international AML standards.’
No adverse issues and concerns in the enforcement/implementation of those standards were mentioned. There were also no noted concerns with Dominica’s citizenship by Investment program.
In contrast, concerns were raised about other regional jurisdictions. Money laundering, narcotics and other activities were said to be a major source of illicit funds in Antigua; it’s CIP was described as the “most lax in the world.”
St Kitts’ CIP program was accused of “prior lax vetting” and being “afflicted by significant deficiencies”.
The US Ambassador to the Eastern Caribbean expressed similar views on a recent WINN FM radio program.
There was no validation of Rijock’s wild claims.
On the contrary however, Rijock’s claims are eerily similar to past events. In 1999, Dominica was embroiled in money laundering activities.
In March 1999 the US State Department expressed the concern that ‘between 200 and 300 Russians have reportedly purchased Dominican citizenship.’
The state department report also stated Dominica is providing criminals with “one stop shopping” haven. This subsequently resulted in Dominica being placed on the blacklist of the Financial Action Task Force (FATF), the intergovernmental organisation tasked with combatting money laundering globally.
So one begs the question; why would Rijock rehash these statements?
Why would Rijock invoke memories of 1999?
Why would Rijock remind those old enough, and inform those who are not, of the dark days of the UWP administration, and possibly sink the party further into the political abyss?
Is Kenneth Rijock a paid government / DLP operative?
PS Roaches are known to avoid areas where Centipedes are prevalent.