Keynote speaker and best-selling author, Jeffrey Robinson was with the Heads of Financial Intelligence Units in the English-speaking Caribbean, where he discussed the presence of corruption in off-shore countries.
The summit was hosted by the Office of National Drugs and Money Laundering Control Policy (ONDCP) in Antigua and funded by the Department for International Development’s Caribbean Criminal Assets Recovery Programme.
The summit discussed the problems of drug trafficking and dirty money in the Caribbean, which is causing an increase in violence and gun crimes.
Speaking to the delegates, Jeffrey used the Channel Island of Guernsey as an example to show that it is possible to have transparent jurisdictions in the offshore world. Guernsey became a transparent offshore entity by agreeing to abide by law enforcement authorities. Jeffrey stated that since following the legal route, Guernsey has been far more successful and made a significant amount of money.
Jeffrey aimed to advice the people in Antigua that ‘according to Gresham’s law, bad money drives out good. However, transparent business drives out bad money and good money, looking for status, moves in to replace it’.
Copyright Speakers Corner 2017