Haiti among Top Centers of Money Laundering in the Caribbean

The U.S. State Department has issued its 2014 International Narcotics Control Strategy Report. In it are named several Caribbean countries considered major centers of money laundering. High on the list of those countries involved in illicit money transactions are Antigua, Barbuda, the Bahamas, Belize, and Haiti.


The CARICOM countries listed are not exclusive to international drug trafficking and money laundering. The U.S., Europe, Canada, and Latin America are also major centers of money laundering activities. In other words, it is a world-wide phenomenon.

The report details the actions of almost 90 countries to decrease the manufacturing of narcotics, its transport, and use, along with money laundering and other blue-collar and white-collar financial crimes. The problem with trying to apprehend drug traffickers is the sophistication of money laundering operations that obscure what proceeds are from drug trafficking, and what are from other types of financial crime. Furthermore, financial institutions that handle accounts set up for illicit financial schemes are also prey to money laundering involving the sale of narcotics.

The U.S. says this year's report has expanded its scope to include not only the major centers of money laundering, but also any country and jurisdiction where financial institutions are handling ". . . proceeds from all serious crime."

Haiti is well-known as a drug corridor for drug trafficking. Narcotics enter the country on its southern shore from Latin America and exit on its northern shore to transport drugs to the U.S.

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