Published On: Wed, Mar 12th, 2014

Unusual transactions not investigated

moneylaunderingWILLEMSTAD - Unusual financial transactions have not been investigated for a while now. More than 13.000 transactions are still pending for investigation by the Department of Unusual Transactions (MOT). Kenneth Dambruck, the former head of the department, has been retired since January and there is still no successor.

Earlier it was reported that the unusual transactions of former Prime Minister Gerrit Schotte have not been investigated yet. Now it appears that it is only the tip of the iceberg. The U.S. Department of State has warned that Curacao has to take seriously the fight against money laundering and financial crime.

The U.S. Department of State recently published a report on money laundering and financial crime worldwide in 2013. In the chapter on Curacao, a comprehensive report has been done on the Bientu case. About the protagonist in that case, Robbie dos Santos, they mentioned the funds that were seized in the U.S. (worth 30 million dollars) and also the funding of the political party MFK. Gerrit Schotte is also associated with money laundering and related crimes. Curacao is, according to the report, favorable to money laundering because of the banking secrecy, offshore banks, two free zones, the major container port and the many casinos and resorts. Furthermore, the island is still considered a transit point for illicit drugs from South America towards the U.S.A.

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