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Jul 19, 2019

P.U.P. Says F.I.U.’s Explanation is Bogus!

The P.U.P. has fired off a press release highly critical of the Financial Intelligence Unit, following the issuance of a statement today.  The P.U.P. condemns the F.I.U.’s attempt to extricate itself from the Sanctuary Bay debacle, which it says the U.S. Federal Trade Commission is convinced it involves some level of collusion between the highest levels of government, the Atlantic International Bank Limited and principals of the scam.  The P.U.P. says that the convoluted F.I.U. release says a lot, clarifies nothing, but admits that it was informed by the then Governor of the Central Bank that there were complaints which pointed to the Sanctuary Bay development being a fraud and possible money-laundering operation.   The party also notes that that body, which is tasked with enforcing money laundering laws in this country and investigating fraud, basically did nothing when even the most basic due diligence check would have revealed that one of the main principals of Sanctuary Bay was twice implicated in financial fraud.  It questions why not; and if it was done, why didn’t anyone act.  The P.U.P. stresses that the Central Bank and government did nothing and Sanctuary Bay continued to operate, with the assistance of A.I.B.L. and persons connected to both the bank and the government.  It states, “Business continued as normal, and that has led to the closure of A.I.B.L.; but more importantly, to the nation getting another black eye, which will with certainty affect us in the short, medium and long term.”


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