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International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994FINANCIAL CRIMES AND MONEY LAUNDERING1994 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTINTERNATIONAL MONEY LAUNDERINGOVERVIEWIntelligence findings from North and South America, Eastern and Western Europe, South and East Asia, Africa and the Middle East confirm that another significant shift has occurred in money laundering trends and methods, requiring changes in policy and strategy for 1994.The critical aspects are the volume of non-drug related money laundering; increased investment of illegal proceeds in legitimate business, including the financial industry; and the targeting of financial systems in countries/territories (some with little or no domestic involvement in drug trading or other serious proceeds-generating crimes) to launder drug and other proceeds generated by crimes committed in other jurisdictions.In 1988, when the United Nations Convention was ... [Read More]
M) Money Laundering and Financial Crimes
That Act also established "Know Your Customer" (KYC) requirements for financial institutions and obliged them to verify by December 31, 2001 the identities of all their existing account holders and of customers without an account making transactions over $10,000. In mid-December 2001, the chief legal advisor to the Bahamas Financial Services Board estimated that The Bahamas had completed between 80 to 95 percent of the KYC requirement for old accounts. Funds in accounts that remain unidentified or whose owners fail to comply with documentation requirements will be transferred to the Central Bank after the deadline. Amendments to the Act passed in August allowed the Minister of Finance discretion to extend the deadline for six months to a year; in December he extended the deadline until the end of June 2002. All new accounts established in 2001 had to be in compliance with KYC rules before they were opened. The KYC requirements caused complaints by Bahamians who were unable to produce a ... [Read More]
C) Policy and Program Development
What We Know With Less Certainty. The picture is less clear where crop yields are concerned. How much of a finished product a given area will produce is difficult to estimate. Small changes in factors such as soil fertility, weather, farming techniques, and disease can produce widely varying results from year to year and place to place. Moreover, most illicit drug crop areas are not easily accessible to the United States Government, making scientific information difficult to obtain. Therefore, we are estimating potential crop available for harvest. Not all of these estimates allow for losses, which could represent up to a third or more of a crop in some areas for some harvests. The value in estimating the size of the potential crop is to provide a consistent basis for a comparative analysis from year to year. ... [Read More]
Policy and Program Developments
Overview for 2000For U.S. international antidrug programs, the year 2000 was one of important accomplishments and serious challenges. Long-term cooperation with our Western Hemisphere allies continued to bear fruit. We successfully attacked drug crop expansion, enhanced interdiction efforts, worked to arrest leaders of drug trafficking syndicates, and narrowed the opportunities for the drug trade to launder drug profits. At the same time, we provided our partners essential training assistance to strengthen their law enforcement and judicial systems, while helping them with programs to reduce drug consumption in their own countries. The year’s most noteworthy accomplishment was to keep the total Andean coca crop from expanding significantly. Six years of joint ... [Read More]
Department of State Washington File: Fact Sheet: New U.S. Entry-Exit System Aims to Enhance Security
-- Visitors will also look into a camera and their digital picture will be taken. ... [Read More]
M) Money Laundering and Financial Crimes
A planned amendment of the Banking Act to implement the EU’s Money Laundering Directive on the prevention of the use of the financial system for the purpose of money laundering, as amended in 2001, and to incorporate changes related to terrorism financing and implementation of stricter identification requirements (for trustees and beneficial owners, and by requiring banks to ask for and make a copy of an official picture ID and terminate entries of “personally known customer” in banks’ records) was not sent to Parliament due to the GOA’s early break-up in September 2002. ... [Read More]
Foreign Entry Requirements
ANTIGUA AND BARBUDA - Passport or proof of U.S. citizenship or voter’s registration card, along with picture ID, required, return/onward ticket, and proof of funds needed for tourist stay of up to 6 months. Contact the Embassy of Antigua and Barbuda, 3216 New Mexico Ave. NW, Washington, DC 20016 (202/362-5122/5166/5211) for further information. ... [Read More]
Foreign Entry Requirements
U.S. Department of State [Read More]
Department of State Washington File: Fact Sheet: Homeland Security Prepares for Expansion of US-VISIT
-- Visitors will also look into a camera and their digital picture will be taken. ... -Under one alternative, visitors departing the United States will check out of the country at exit stations located within the airport or seaport terminal. As with the process the visitors encounter upon entry at airports or seaports, their travel documents are read, their two index fingers will be scanned at the exit station, their digital picture will be taken, and they will receive a printed receipt that verifies that they have checked out. An exit attendant will be available to assist with visitors' check out. ... [Read More]
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