Financial Crime World

Financial Crime Investigation Methods in Antigua and Barbuda: A Behind-the-Scenes Look

The Investigations Department of the Office of National Drug and Money Laundering Control Policy (ONDCP) in Antigua and Barbuda is responsible for investigating cases related to money laundering and combating terrorism financing. This department plays a crucial role in combating financial crimes.

Investigative Arm: A Key Component

The unit consists of four investigators, including a supervisor and manager, who are supported by the administrative and legal departments of ONDCP. The team has undergone extensive training in areas such as:

  • Cyber security awareness
  • Digital evidence identification
  • First aid
  • Insurance supervision
  • Intelligence gathering
  • Anti-money laundering workshops

Expertise Developed through Regional and International Training

The department’s expertise was honed through training provided by regional and international agencies, including:

  • 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)

Regional and International Cooperation: Key to Combating Money Laundering

Money laundering is a global phenomenon that requires a collaborative approach from countries around the world. To effectively combat this issue, Antigua and Barbuda has implemented various mechanisms for sharing information and cooperating with international partners.

Some of 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 Praising Antigua and Barbuda’s Efforts

The Caribbean Financial Action Task Force (CFATF) has praised Antigua and Barbuda for having a robust mutual legal assistance regime in its 2008 Mutual Evaluation Report.

Typologies of Money Laundering: Understanding the Methods

In recent years, investigators have observed several trends and activities related to money laundering. The following typologies illustrate how money laundering can occur:

  • Cash-based transactions
  • Shell companies and trusts
  • Online trading platforms
  • Real estate investments
  • Cryptocurrencies

These typologies provide valuable insights for readers seeking a better understanding of this complex issue.

Annex B: Typologies of Money Laundering

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