Antigua And Barbuda Picture
Money Laundering and Financial Crimes
Notwithstanding the muddling of capital flight into the picture, money laundering remains a pervasive problem in Russia. For the years 1996-1998, unauthorized capital exports averaged $25 billion a year. Russia's enormous resources and size, combined with the prevalence of organized crime, corruption, and an inadequate legal framework, make it a risk for money laundering by any standard. ... [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]
International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994[DEPARTMENT OF STATE PUBLICATION 10145] TABLE OF CONTENTSEXECUTIVE SUMMARYPOLICY AND PROGRAM DEVELOPMENTS IN 1993 1Political Will and Corruption 3Chemical Controls 4Money Laundering 5Demand Reduction 6United Nations 7Cocaine 8Opium and heroin 9Next Steps 12Methodology 14Status of Potential Worldwide Production 16Cultivation and Production Charts 19UN Convention signatories 22Country Summaries 27FY 1993-1995 FISCAL SUMMARYAND FUNCTIONAL BUDGET 60LEGISLATIVE BASIS FOR THE INCSR 62INTERNATIONAL TRAINING ... [Read More]
Money Laundering and Financial Crimes
The People's Bank of China (PBOC)--China's central bank--has issued internal regulations that require currency transaction reports for all transactions involving Renminbi (RMB) 50,000 (US $6,000) or more. The PBOC also has issued rules concerning the recording and reporting of currency transactions at the county level, as well as a circular to Chinese banks regarding the reporting of suspicious transactions. Withdrawals of RMB 200,000 (US $24,000), deposits of RMB one million (US $120,000), or a series of aggregate transactions totaling RMB one million must be reported to the PBOC. At the county level, withdrawals of RMB 50,000 (US $6,000) require picture identification. However, central bank supervisors do not verify compliance with these rules. ... [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]
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]
Antigua & Barbuda
ENTRY/EXIT REQUIREMENTS: Valid or expired U.S. passports are accepted. Otherwise, a certified birth certificate and picture identification, i.e., a driver's license, are required of U.S. citizens. Immigration officials are strict about getting exact information about where visitors are staying, and will often request to see a return ticket. There is a departure tax payable when departing the country. U.S. citizens entering with documents other than U.S. passports should take special care in securing those documents while traveling. Travelers will not be allowed to return to the United States without sufficient evidence of identification and U.S. citizenship, and it can be time-consuming and difficult to acquire new proof of citizenship to facilitate return travel. See our Foreign Entry Requirements ... [Read More]
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