Basseterre, St. Kitts, December 17, 2015 (SKNIS)—Well known Washington power broker Lanny Davis has agreed to help St Kitts and Nevis in its efforts to remove the FINCEN Advisory on St Kitts and Nevis. The disclosure was made in Parliament on 15th December, 2015, by Prime Minister and Minister of Finance, Dr. the Hon Timothy Harris.
Dr Harris said that the improper actions of the Douglas Government and the distrust of that government by the USA Government as publicized in the FINCEN Advisory could not stand. He said that every effort must be made to overturn the advisory.
“Team Unity will continue its reform efforts of the Citizenship by Investment Unit. We pledge to work with the US Government to remove the dark and suspicious stain on the financial space of the country caused by the actions of the Douglas regime,” said Prime Minister Harris.
The Financial Crimes Enforcement Network (FinCEN) issued, on May 20, 2014, an advisory to alert Financial Institutions (FIs) that certain foreign nationals are abusing the Citizenship-by-Investment programme sponsored by the Federation of St. Kitts and Nevis (SKN) for illicit financial activity. The advisory states that FinCEN believes the programme’s lax controls make it attractive to bad financial actors who want to mask their identity and geographic background for the purposes of evading U.S. or international sanctions or to engage in other financial crime.
The advisory also states that FinCEN recommends FIs mitigate this risk through customer due diligence, including risk-based identity verification consistent with existing customer identification program requirements.
Lanny J. Davis & Associates is an American law firm aimed at providing solutions for clients. Lanny Davis is a renowned legal crisis management expert. A lawyer and communicator with decades of experience, Lanny Davis has served in numerous roles, most significantly as former White House special counsel to President Clinton.
Mr Davis’ service comes with no cost to the Government of St Kitts and Nevis.