Press release issued on Money Laundering Accusations
The relevant authorities in St. Vincent and the Grenadines, namely, the National Anti-Money Laundering Committee (NAMLC), the Financial Services Authority (FSA) and the Financial Intelligence Unit (FIU) hereby issue a joint statement strongly denouncing the description of St. Vincent and the Grenadines as being ‘notorious for money laundering’ and a ‘prime money laundering destination.’ Such descriptions appeared in the international media on October 29th 2017, in articles on the present FBI investigation into Paul Manafort, the former campaign manager of US President, Donald Trump and the alleged Trump/Manafort links with Russia. St. Vincent and the Grenadines is alleged to be one of the countries whose offshore structures were utilized to move funds allegedly controlled by Manafort.
See full Press Release below.