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US ready to help Guyana pin those who stash money there.

February 7, 2016  Source

By Abena Rockcliffe
It was the former US President, George Bush, who warned Third World Leaders not to run away with the idea that they can rob their nation blind then go splurge the money in the US.  Bush had said that it would not be allowed.

United States Ambassador, Perry Holloway

United States Ambassador, Perry Holloway

That policy remains and the United States is willing to help Guyana, within the confines of a legal agreement, to track down those who may have sought to stash illegally acquired money in the US.
This was revealed during a recent interview with the US Ambassador, Perry Holloway.


The US Chief said that his Embassy is constantly in touch with Special Organized Crime Unit (SOCU), Customs Anti-Narcotics Unit (CANU) and the Guyana Revenue Authority (GRA) and other entities. There has been a great deal of information sharing, he said.Holloway said that the presence of the Drug Enforcement Administration (DEA) in Guyana will also serve to enhance such information sharing.


The envoy told Kaieteur News, “We are always interested in money coming into the US illegally so we regularly request information through a legal process that is allowed under a mutual legal assistance treaty that Guyana and the US are both parties to.  And so there has been very good cooperation and sharing of information.”


However, despite all the complaints made by local government officials about the constraints attached to trying to track stolen state cash that may have been stashed in overseas territory, Holloway said that Guyana has not formally approached the US for information in this regard.
Nevertheless, he made it clear that the US is ready to assist once there is a “legitimate case” and if the information is requested though the legal mechanisms in place.Holloway said, “It has to be a real case; there have to be charges or an active investigation. We do not allow witch hunts; we do not send lists of information.”


Further, the US Chief of Mission said that dual citizenship will not stand in the way of any legal actions that the US is asked to take.“The US does not publicly release information on its citizens but we will surely release information needed for a valid law enforcement investigation. There is a process to be followed under the mutual legal assistance agreement but we can do that,” said Holloway.The Financial Institutions (Amendment) Bill which was recently passed in the National Assembly is another tool that helps the sharing of information between the US and Guyana.


That Bill was passed to secure compliance with FATCA recommendations.
It gives GRA the lawful go ahead to access all suspicious bank accounts. In addition, it paves the way for a relationship with the USA that allows Guyana to know the financial standing of all Guyanese citizens with bank accounts in the USA.Reciprocally, the GRA will be required to send bank statements of all American citizens residing in Guyana and even Guyanese who may have ties to the USA, even by marriage.


Holloway told Kaieteur News, “Yes, that (the legislation) indeed paves the way for even more information sharing,”
He said that there have been no moves on either side to get information but stressed the fact that it can happen at any time because “the capacity now exists”.


The US Chief explained, “The US may be more interested at the moment in other countries that have more US citizens inside to share information… but if Guyana needed to use that legislation, it now exists because it is a two-way street, not a one-way.”

Replies sorted oldest to newest

Ambassador Perry Holloway must make a lot of people very nervous with this statement. Especially with United States resources to track money internationally.

Will we see mansions crumble to Camp Street logie in Guyana ?  Rass, dem people gun be devastated with more depression and suicide.

Money pilot Kemraj Lall must be sweating in prison. Ahmad and Khan must tell a lot about their inner workings, for less time. Exciting times ahead !!   

Tola

I suppose the two of you missed the part where the US ambassador says they don't allow witch hunt. Granger and the incompetent afc/apnu coalition once again fishing as they ask the US to provide a list without any legitimate case pending. 

 

Nevertheless, he made it clear that the US is ready to assist once there is a “legitimate case” and if the information is requested though the legal mechanisms in place.Holloway said, “It has to be a real case; there have to be charges or an active investigation. We do not allow witch hunts; we do not send lists of information.”

FM

This sis good news, in 4 years we will be able to trace all the Loots. And there will be plenty. Greenidge driving a Benz, Burnham Family gat millions in Switzerland. So I am looking forward to the US help.

Nehru
Tola posted:

Ambassador Perry Holloway must make a lot of people very nervous with this statement. Especially with United States resources to track money internationally.

Will we see mansions crumble to Camp Street logie in Guyana ?  Rass, dem people gun be devastated with more depression and suicide.

Money pilot Kemraj Lall must be sweating in prison. Ahmad and Khan must tell a lot about their inner workings, for less time. Exciting times ahead !!   

How is Ambassador Holloway going to track other people's money in the US Banking system which is one of the most regulated in the world?  Unless he can prove fraud, embezzlement, or some sort of probable cause he has NO access to a bank's information.  If someone deposit more than $10,000 into a bank account they have to show where they get it from.   This legislation is for Granger and boys to mind people's business in Guyana.

Bibi Haniffa
baseman posted:
Bibi Haniffa posted:
Tola posted:

Ambassador Perry Holloway must make a lot of people very nervous with this statement. Especially with United States resources to track money internationally.

Will we see mansions crumble to Camp Street logie in Guyana ?  Rass, dem people gun be devastated with more depression and suicide.

Money pilot Kemraj Lall must be sweating in prison. Ahmad and Khan must tell a lot about their inner workings, for less time. Exciting times ahead !!   

How is Ambassador Holloway going to track other people's money in the US Banking system which is one of the most regulated in the world?  Unless he can prove fraud, embezzlement, or some sort of probable cause he has NO access to a bank's information.  If someone deposit more than $10,000 into a bank account they have to show where they get it from.   This legislation is for Granger and boys to mind people's business in Guyana.

And that's only for cash deposits.

interesting how it's ONLY the PPP boys (n gals) who seem to be afraid . . .

uh huh

FM

Some US politicians want to track down US corporations that keep their profits overseas to avoid higher taxation in the U.S. Apple has tens of billions in overseas banks. Do you seriously think the U.S. would expend its resources to chase down a few dollars embezzled and banked in the US??? They have bigger fishes to fry. It's all diplomatic talk to impress the ears of the populace.

Billy Ram Balgobin
Last edited by Billy Ram Balgobin
baseman posted:
redux posted:
baseman posted:
Bibi Haniffa posted:

How is Ambassador Holloway going to track other people's money in the US Banking system which is one of the most regulated in the world?  Unless he can prove fraud, embezzlement, or some sort of probable cause he has NO access to a bank's information.  If someone deposit more than $10,000 into a bank account they have to show where they get it from.   This legislation is for Granger and boys to mind people's business in Guyana.

And that's only for cash deposits.

interesting how it's ONLY the PPP boys (n gals) who seem to be afraid . . .

uh huh

Nah, me sure Brooklyn in total re-think!!

uh huh

remind me again why is APNU dem driving this train while BJ dem anxious and hoarding bt plugs

FM

Granger and the AFC comrades are acting like saints who came to right the wrongs of a long era dominated by evil. The PNC was humiliated in 1992 for ruling dictatorially and destroying the country. This stain on their character has never faded and it never will. Now they want revenge on the PPP for their humiliating lost in 1992. They PPP let them off the hook in 1992.

Billy Ram Balgobin
baseman posted:
redux posted:
baseman posted:
redux posted:
baseman posted:

And that's only for cash deposits.

interesting how it's ONLY the PPP boys (n gals) who seem to be afraid . . .

uh huh

Nah, me sure Brooklyn in total re-think!!

uh huh

remind me again why is APNU dem driving this train while BJ dem anxious and hoarding bt plugs

APNU not driving this train banna, train left station long time ago.  This is FATCA roll-out, something over 10 years in the making which the Guyana Govt is a signatory to since then.  Now, who was the Govt of Guyana??

If the PPP bais wanted to stash cash, the US would be the last place knowing how FATCA works!

Get real!!

(i) DEA in Guyana was stymied by your PPP bais

(ii) SOCU with gums instead of teeth was Freedom House's legacy

(iii) your take on money stashing is sophomoric given the reach of US law enforcement where alyuh GY 'legal' drug trafficking (to the US) frens are concerned . . . anyways, u should ponder how BJ fren de cash jet pilot could be so stupid

is not "Brooklyn" build de private hangar at CBJIA

we ah watch alyuh

FM
Last edited by Former Member
baseman posted:
redux posted:
baseman posted:

APNU not driving this train banna, train left station long time ago.  This is FATCA roll-out, something over 10 years in the making which the Guyana Govt is a signatory to since then.  Now, who was the Govt of Guyana??

If the PPP bais wanted to stash cash, the US would be the last place knowing how FATCA works!

Get real!!

(i) DEA in Guyana was stymied by your PPP bais

(ii) SOCU with gums instead of teeth was Freedom House's legacy

(iii) your take on money stashing is sophomoric given the reach of US law enforcement where alyuh GY 'legal' drug trafficking (to the US) frens are concerned . . . anyways, u should ponder how BJ fren de cash jet pilot could be so stupid

Now, clown.  Let the US investigate illegal stashes.  That's fine.  Tax dodgers will have to deal with it.  You, on the other hand, barking at a mirage, as usual!!  Confused little man!!

BTW, you seem an angry old man, but good age for the PNC.  Why didn't Granger reach to to you people, he needs the help, any help!!  Alyuh wasting alyuh talents here!

u got nothing (again) eh? . . . very good

me is ah handsome, potent 55 year old who ain't into bigotry, whining and antimanism . . . how about u mr decrepit ole man?

FM
Last edited by Former Member
baseman posted:
redux posted:
baseman posted:
redux posted:

(i) DEA in Guyana was stymied by your PPP bais

(ii) SOCU with gums instead of teeth was Freedom House's legacy

(iii) your take on money stashing is sophomoric given the reach of US law enforcement where alyuh GY 'legal' drug trafficking (to the US) frens are concerned . . . anyways, u should ponder how BJ fren de cash jet pilot could be so stupid

Now, clown.  Let the US investigate illegal stashes.  That's fine.  Tax dodgers will have to deal with it.  You, on the other hand, barking at a mirage, as usual!!  Confused little man!!

BTW, you seem an angry old man, but good age for the PNC.  Why didn't Granger reach to to you people, he needs the help, any help!!  Alyuh wasting alyuh talents here!

u got nothing (again) eh? . . . very good

me is ah handsome, potent 55 year old who ain't into bigotry, whining and antimanism . . . how about u mr decrepit ole man?

Wow!  You need to release yourself, not good.  Guess you are a spring chicken for the PNC.  Hang in, your time coming!!

Now, why you go off into this irrelevant "antimanism" rant, is something on your mind??

i see like u happy and anxious to change the subject

uh huh . . .

FM

this is the "subject" u running away from with tail between legs baseman:

(i) DEA in Guyana was stymied by your PPP bais

(ii) SOCU with gums instead of teeth was Freedom House's legacy

(iii) your take on money stashing is sophomoric given the reach of US law enforcement where alyuh GY 'legal' drug trafficking (to the US) frens are concerned . . . anyways, u should ponder how BJ fren de cash jet pilot could be so stupid

is not "Brooklyn" build de private hangar at CBJIA

we ah watch alyuh

FM
baseman posted:
redux posted:

this is the "subject" u running away from with tail between legs baseman:

(i) DEA in Guyana was stymied by your PPP bais

(ii) SOCU with gums instead of teeth was Freedom House's legacy

(iii) your take on money stashing is sophomoric given the reach of US law enforcement where alyuh GY 'legal' drug trafficking (to the US) frens are concerned . . . anyways, u should ponder how BJ fren de cash jet pilot could be so stupid

is not "Brooklyn" build de private hangar at CBJIA

we ah watch alyuh

As I said, simple, let the US do their thing.  The chip will fall, just like alyuh PNC investigations!!

good . . . is about time u stop prancing stupidly

FM

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