How Caribbean Illegal Discounting Contributes to Visa Free Loss
Illegal discounting has nothing to do with the Caribbean losing visa free access, right?
Wrong.
To know why, you need to know how illegal discounting works.
Here’s how: The agent promises to the government to invest (usually by building real estate) using clients' money.
But, the agent doesn't finish it. Instead, the agent bribes key government officials to ignore that.
And there’s the key: The government officials can be bribed.
Which means they can also be bribed to skip due diligence.
Career criminal? Money launderer? Terrorist? Spy? Bribes mean they all slip through.
So no wonder other countries cut visa free access.
In any case, would you trust a country that can’t even collect all the money it’s supposed to?
u/StrangeCredit — 2 days ago