Financial Crime World

Antigua and Barbuda Agency Takes the Lead in Financial Crime Prevention

The Office of National Drug and Money Laundering Control Policy (ONDCP) has been at the forefront of combating financial crime in Antigua and Barbuda since its establishment in 1996. With a mission to eradicate transnational drug trafficking, money laundering, and terrorism financing, the agency has achieved significant success through its robust enforcement mechanisms and strong partnerships with regional and international stakeholders.

Guided by a range of laws and regulations, including:

  • Money Laundering (Prevention) Act 1996
  • Prevention of Terrorism Act 2001
  • Proceeds of Crime Act 1993

The ONDCP has developed a multi-faceted approach to tackling financial crime.

Operational Structure

The agency’s operational structure is built around three pillars:

Financial Intelligence/Financial Investigations

  • Collects and analyzes data on suspicious transactions
  • Conducts thorough probes into reported incidents of money laundering and terrorism financing

Supervisory Authority/AML CFT Compliance

  • Oversees the compliance of financial institutions with anti-money laundering and counter-terrorist financing regulations

Counter Narcotics Operations

  • Works to disrupt and dismantle criminal networks

Partnerships and Collaborations

The ONDCP maintains close relationships with other law enforcement agencies, including:

  • Antigua and Barbuda Customs Department
  • Royal Police Force of Antigua and Barbuda
  • Eastern Caribbean Central Bank (ECCB)
  • Antigua Barbuda Defence Force Coast Guard

These partnerships enable the agency to share intelligence and best practices, ultimately leading to successful interdictions and prosecutions.

Staff and Training

The ONDCP’s staff is comprised of dedicated professionals who undergo:

  • Rigorous training and vetting processes
  • Ongoing training on their responsibilities regarding sensitive information

The agency prioritizes recruiting young nationals from Antigua and Barbuda to join its ranks, ensuring a diverse and dynamic workforce that reflects the country’s demographic realities.

Transparency and Accountability

As part of its commitment to transparency and accountability:

  • Publishes regular reports on its activities and achievements
  • Takes seriously the protection of sensitive information
  • Employees required to undergo ongoing training on their responsibilities in this regard

With its strong legal foundation, robust operational structure, and unwavering commitment to combating financial crime, the ONDCP is well-positioned to continue playing a leading role in maintaining Antigua and Barbuda’s financial integrity and national security.