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Grenada - Corruption

While there was a perception, particularly among the political opposition and some media outlets, that the government did not implement corruption laws effectively, there were no new cases or allegations of public corruption during 2016. Neither the commission nor the ombudsman conducted any investigations during the year.

Grenada is party to the Inter-American Convention against Corruption. In 2013, Parliament passed the Integrity in Public Life Act (Act No.24 of 2013), the country's first anticorruption bill. It requires that all public servants report their income and assets to the independent Integrity Commission for review.

The Ombudsman Act of 2007 established the Office of Ombudsman, and the countrys first Ombudsman since independence, was named in September, 2009. In 2016, the Ombudsman received 94 complaints, 8 of which were closed, 32 remain ongoing, 35 resulted in advice or referrals, and the remaining 19 were beyond the jurisdiction of the office.

Bribery is illegal in Grenada, and Grenadian officials take allegations seriously. The Integrity in Public Life Commission monitors and verifies disclosures, although disclosures are not made public except in court. According to the provisions of the bill, failure to file a disclosure should be noted in the Official Gazette. If the office holder in question fails to file in response to this notification, the commission can seek a court order to enforce compliance.

Grenadas geographic location in the Caribbean places it in close proximity to drug shipment routes from Venezuela to the United States and Europe. As a narcotics transfer point, money laundering in Grenada is principally connected to smuggling and narcotics trafficking by local organized crime rings. Illegal proceeds are laundered through a variety of businesses, as well as through the purchase of real estate, boats, jewelry, and cars.

Grenada is not a regional financial center. The Eastern Caribbean Central Bank is the supervisory authority for Grenadian commercial banks, and the Grenada Authority for the Regulation of Financial Institutions is responsible for supervising DNFBPs. Even though IBCs and offshore banking and trust companies are allowed to conduct business in Grenada, none are currently operating. Grenada has no casinos or internet gaming sites. The International Companies Act regulates the establishment and management of IBCs in Grenada and requires registered agents to maintain records of the names and addresses of company directors and beneficial owners of all shares. Bearer shares are not permitted.

The identifiable avenues for money laundering in Grenada are drug trafficking, fraud, and underinvoicing. Grenada has a records-exchange mechanism in place with the United States and has established laws and regulations ensuring the availability to U.S. and other foreign government personnel of adequate records in connection with drug investigations and proceedings.

The fight against narcotics-related money laundering is hindered by the tipping off of suspected perpetrators; inadequate cooperation among law enforcement agencies; lack of proper onitoring by financial institutions; insufficient training of law enforcement and financial institutions; and failure of magistrates and judges to properly understand the statutes in general and/or the law or regulations as far as the ability to prosecute or impose sentencing.

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