Financial Crime World

Financial Crime Investigation Process in Antigua and Barbuda Takes Center Stage

The Investigations Department, the investigative arm of the Office of National Drug and Money Laundering Control Policy (ONDCP), has been at the forefront of combating financial crime in Antigua and Barbuda. The unit is responsible for investigating matters involving money laundering and the financing of terrorism.

Investigative Team

A team of four investigators, comprising a supervisor and one manager, works tirelessly to unravel complex financial crimes, supported by the administrative and legal departments of ONDCP. Staff training plays a crucial role in equipping investigators with the necessary skills to tackle these sophisticated cases.

Training

In 2008, staff members received training from reputable institutions such as:

  • Caribbean Regional Drug Law Enforcement Training Centre (REDTRAC) in Jamaica
  • Government Training Division
  • Antigua and Barbuda Red Cross
  • Canadian Institute of Insurance
  • UK Security Advisory Team (UKSAT)

This training covered essential topics like:

  • Cyber security awareness
  • Digital evidence identification
  • First aid
  • Insurance supervision
  • Intelligence gathering and analysis
  • Financial investigation techniques
  • Anti-money laundering workshops

Regional and International Cooperation

Regional and international cooperation are essential in combating money laundering, which is a global phenomenon. Antigua and Barbuda has implemented necessary mechanisms to facilitate effective information sharing with foreign partners.

Mechanisms for Information Sharing

These mechanisms include:

  • Mutual Legal Assistance Treaty (MLAT) signed with the US in 1999
  • Mutual Legal Assistance in Criminal Matters Act
  • Office of National Drug and Money Laundering Control Policy Act, 2003
  • Money Laundering (Prevention) Act, 2006

Caribbean Financial Action Task Force (CFATF) Commendation

The CFATF has commended Antigua and Barbuda for its robust mutual legal assistance regime. During the year, ID received seven formal and two informal MLAT requests, a trend that is being reversed through increased contact with regional and foreign partners.

Typologies of Money Laundering

In an effort to stay ahead of money launderers, the Investigations Department has identified several typologies, which are outlined in Annex B. These typologies provide valuable insights into how money laundering can occur, enabling investigators to better understand and combat these complex financial crimes.

Commitment to Combating Financial Crime

As Antigua and Barbuda continues to grapple with financial crime, the Investigations Department remains committed to its mission of investigating and prosecuting financial crimes, thereby ensuring a safer and more secure environment for all citizens.