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Government describes State Department’s classifications as “misleading, erroneous”

THE Government of St. Kitts and Nevis has taken offense to a report by the United States that brandishes the Federation as remaining susceptible to corruption and money laundering because of the volume of narcotics trafficking around the islands.
In a statement published in the U.S. Department of State’s  2018 International Narcotics Control Strategy Report, Volume II: Money Laundering (2018 INCSR), the US State Department says that the growth of its (St. Kitts and Nevis’)offshore banking sector coupled with unusually strong bank secrecy laws also remains problematic.
In their official response issued today, the government said that “it wishes to register its utter disappointment with the U.S. Department of State’s 2018 International Narcotics Control Strategy Report, Volume II: Money Laundering (2018 INCSR) and takes exception to the grossly misleading, erroneous and offensive statements about the Federation.

 

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