Tag Archives: Money Laundering

US ECONOMY: Why cash has been piling up during the pandemic – The Economist

Consumers are hoarding banknotes. And perhaps crooks are struggling to launder their ill-gotten gains

Graphic detail  – Aug 13th 2020 – The Economist

UN: Caribbean leaders warn of region’s economic collapse

Caribbean leaders warn of region’s economic collapse

Caribbean News Now!- caribbeannewsnow.com – September 26, 2016


Photo: Prime Minister Gaston Browne of Antigua and Barbuda addresses the general debate of the General Assembly’s 71st session. UN Photo/Cia Pak

NEW YORK, USA — Gaston Browne, prime minister of Antigua and Barbuda, told the United Nations General Assembly on Saturday September 24, 2016 that, along with climate change and lingering indebtedness, Caribbean islands face another existential threat from the withdrawal by global banks of correspondent banking relations to their financial institutions.

In the global campaign against money-laundering and terrorist financing, very strict penalties have been imposed on banks by regulatory bodies in North America and Europe for any infringement of the stringent regulations.
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GUYANA – Latest News from various sources – December 10, 2015

GUYANA – LATEST NEWS – 10 December 2015  –  Kaieteur News  

         (see other News sources at the end of this entry)

GUYANA – Capitol TV News Videos – 28 October 2015

Capitol TV logoGUYANA – Capitol TV News Videos  – 28 October 2015

  • HIV Concerns in Prisons
  • New move by Mayor Hamilton Greene
  • Old building down by Georgetown Council
  • Better Laws for Money Laundering
  • Sports

Click links below to view the TV News Videos:-     Continue reading

GUY$42 billion worth of gold smuggled in four months; several visas revoked – updates added

GUY$42 billion worth of gold smuggled in four months; several visas revoked

Wednesday, 26 August 2015. Demerara Waves

Guyanese and United States (US) authorities have uncovered a money laundering and gold smuggling racket that has so far fleeced the country of more than US$200 million (GUY$42 billion) worth of the precious metal over a four-month period.

Top officials of the Guyana government said a number of Guyanese gold exporters have been smuggling out huge quantities of gold  from Guyana and on arriving in the US have been declaring them as “scrap gold” which do not attract duties in that country.
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Cash-strapped pilot Khemraj Lall busted for cocaine distribution

Cash-strapped pilot Khemraj Lall busted for cocaine distribution

Khamraj Lall

Khamraj Lall

[July 24, 2015 | By KNews ] As if losing his planes and bank accounts and facing jail time were not enough, a Guyana-born pilot charged with smuggling bulk cash is now in deeper trouble in the US.

Prosecutors said he was plotting to bring five kilos of cocaine aboard his plane from Guyana to the US, even while he was facing court for the cash-smuggling chargesCaptain Khamraj Lall last month pleaded guilty in a deal with US prosecutors and was out on bail awaiting sentencing on October 27th.

However, on Wednesday (July 22), US Marshals arrested him in New Jersey, a state near New York, and charged him with conspiracy to distribute cocaine.  Continue reading

The PPP is responsible for the militarization of large segments of society – GHK Lall

The PPP is responsible for the militarization of large segments of society

Wednesday, 22 April 2015 16:27  –  Written by  GHK Lall

Today there is loud talk of the militarization of the opposition.  It is part of the mauling of apprehensive supporters, through persistent injections of fear.  This was followed by the comment of “big trouble” brewing; and the bravado of being “battle ready.”  More and more this has progressed beyond the regular stridency of an election campaign, and clearly into the ferocity of war talk from a war party.  Today, however, the focus is on this business about “militarization.”

First, there is this pointed slur against those who have served this country loyally, including during multiple PPP administrations.  To attach sinister motives to their presence in the opposition ranks is not only disturbing, but dangerous.  The concern is self-serving, and ignores conveniently what has grown exponentially in this society under the PPP.  That is, the militarization of this society, through its own policies and actions, and its failures, too.  Continue reading

Guyana: Cash jet pilot opts out of trial, settles for plea deal

Cash jet pilot opts out of trial, settles for plea deal

February 15, 2015 | By |

Embattled Guyanese pilot, Khamraj Lall, who was spectacularly busted with over US$600,000 in undeclared cash on board his jet by Puerto Rico authorities in November, is buckling under pressure and seems all set to make a plea deal.

Plea deal: Captain Khamraj Lall

Capt. Khamraj Lall

In applications filed Friday for the February 23 trial date to be postponed, Lall’s lawyer, Rafael Lang, disclosed that a plea bargain is being actively pursued but additional time of one month is needed.

The Defence is asking permission for the matter to be transferred from Puerto Rico to New Jersey for purposes of plea and sentencing.

It is unlikely that Lall will even be going to trial because of the plea bargain proceedings that will be pursued. Continue reading

Guyanese in the USA: Are East Indians at war with themselves? – By Paul Sanders

Albert Baldeo

Albert Baldeo and Ed Ahmad

A sneak preview of a brutally frank and introspective column by Paul Sanders to be published in the Caribbean Daylight (precipitated by the conviction of Albert Baldeo last Monday), on the shopping list of Guyanese who have screwed over their fellow countrymen and run afoul of the law in the United States.

Introspection: Are East Indians at war with themselves?

By Paul Sanders – Caribbean Daylight, NY  – February 2015 

I’ve been thinking…..
And I have thought long and hard whether I should write this. Last week Thursday, I had this same conversation with a good friend, Sankar Nirahu. He challenged me into making this my next writing project. He died 24 hours after that exchange. This piece is dedicated to his memory.

We all wish to bounce around happily with our political correctness, filled with warm euphemisms, ready to hide our conscience, closing our eyes to the truth under the pretext that if we don’t see it then it doesn’t exist.

We want to be shaken and stirred – but not too much. We want to be guilt-schlepped – but not too much. We want to be provoked – but not too much. We want to be transformed – but not too much.

Yeah, I get it. But as an East Indian I have a compelling obligation, a responsibility to articulate what is in my heart, and what I passionately believe must be said and heard.  Continue reading

Guyana: Cash-jet pilot tried to dodge detection by U.S. authorities of US$6.3M – assets seized

Cash-jet pilot tried to dodge detection by U.S. authorities of US$6.3M in US bank accounts

Captain Khamraj Lall

Khamraj Lall

January 30, 2015 | By |

– authorities seize US$440,000; target two planes, Lexus, three properties

A Guyana-born pilot arrested in November with over US$600,000 in cash hidden in his jet is facing major troubles with his properties and bank accounts.

Not only is Khamraj Lall charged in Puerto Rico, a US territory, with smuggling bulk cash, but the Internal Revenue Service (IRS) has gone after 14 bank accounts, his Lexus car, and two planes, including a jet that he uses in a private service that he operates in Guyana. Continue reading

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