US and Cuba Discuss Money Laundering

usa-cubaHAVANA TIMES — Representatives of Cuba and US met in Havana on Thursday and Friday to discuss cooperation in fighting money laundering.

According to the US Embassy, “The representatives discussed money laundering methods, reporting by financial institutions, and compared experiences on partnering and sharing information with private and government entities, such as money service businesses, financial intelligence units, and financial institutions.”

Future meetings are planned “to exchange information and best practices relating to the detection and investigation of money laundering activities.”

The technical meeting concluded three days before a high level delegation of negotiators meet in Havana to advance the normalization of relations between the two countries.


17 thoughts on “US and Cuba Discuss Money Laundering

  • Actually not all the blame for Miami-based Medicare fraud belongs to the Castros. But most of it yes.

  • So you’re saying that if it “walks like a duck and quacks like a duck” but lacking the DNA evidence, I can’t call it a duck?

  • So basically you have no proof, but because they are bad people is fair game to blame them, lol

  • At least you blamed them for Miami based Medicare fraud, sounds like you can go either way, lol

  • Will they be discussing how several officials of the Cuban Communist Party and directors of state enterprises have been identified in the Panama Papers as having set up off-shore bank accounts? What were the sources of funds passing through these off-shore accounts? What was the purpose of these accounts? How were these accounts connected to the Castro regime?

    These and many more interesting questions deserve answers.

    “Officials from Cuba’s Communist party used a Swiss lawyer to establish offshore companies for their global business activities, the so-called Panama Papers have revealed.”

  • No and HELL NO!

  • Weird comment. I have never blamed the Castros for every crime in the region.

  • curt: Moses is one of the contributors who have experienced living in Cuba and having a Cuban family. You should note in these columns that it is those with such experiences that are the main critics of the Castro family regime and the Communist Party of Cuba – it reflects actual experience,
    On the other hand there are those who have either never even been to Cuba or only for brief periods who think that the poverty imposed upon the people of Cuba is appropriate, but do not choose to experience it themselves. They are almost invariably US citizens who don’t like their own political system, but are content to live under it.
    My own knowledge of Cuba and of the regime, is based upon having my home, wife, numerous relatives and friends there. My comments in general reflect not only my own views, but those of the aforementioned and the folks I speak to when waiting to purchase bread from the Panderia, at the two weekly markets or purchasing food from vendors on the street.
    Having knowledge of the Castros should not be thought of as necessarily being in support of them now or in the past.

  • USA today has used a lot of ink to let rhe world know that Miami is the “epicenter” of Medicare and other fraud. Is that why you blame the Castros for every crime in the region, Moses, to stir things away from the Miami culprits?

  • Moses, since you know so much about the Castros activities you must either be related to them or you were once their close friend.

  • Not all.

  • So to be clear , is all the blame on the Cuban side for this funneling of funds?

  • The Castros are too slick to be DIRECTLY tied to any criminal enterprise. However, over the years, hundreds of millions of dollars in Medicare funds have been funneled from Miami and into Cuban banks. I assume that you would agree that a criminal enterprise of this magnitude would require DIRECT albeit untraceable approval from the Castros. Here’s one of many cases tying Cuba to these crimes:

  • Okay… so I’m trying to understand how the Castros are involved in Medicare fraud… Moses, care to explain? And please, relate your explanation DIRECTLY to the Castros… because I know how you just love to throw their name out there for everything.

  • This means cutting off the Castros Medicare fraud gravy train. Negotiations are likely to go a little slow.

  • The subject of money in Cuba is interesting. It is now three years since the regime said that it was going to revert to a single currency rather than the current two currency system neither of which is subject to international recognition. If Cuba is to ‘change’, will it allow whichever currency it eventually selects to float on the international market?
    It appears that the regime has become aware of the potential effects of inflation and is in consequence being somewhat coy.

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