U.S. Internal Revenue Service Conducts Offshore Tax Evasion Training In Grenada  

PR – On September 9, 2021, the U.S. Internal Revenue Service (IRS) presented the  Offshore Tax Evasion Case Study training course to the Grenada Inland Revenue  Division and Financial Intelligence Unit. The course incorporated multiple areas  of transnational financial crimes specific to offshore banking schemes, tax evasion,  and Klein conspiracy, while specifically focusing on an offshore tax evasion  investigation involving a complex yet classic pyramid scheme. The course also  highlighted how international efforts, such as the Offshore Voluntary Disclosure  Initiative (OVDI) and the Foreign Account Tax Compliance Act (FATCA), aid in  combating tax evasion and serve to dismantle and disrupt a criminal conspiracy  built upon greed. The training session generated intense discussions about  conducting investigations to secure the Grenada tax system and financial system. 

At the opening of the event, Randy Boyke, Deputy Comptroller, Ministry of  Finance Inland Revenue Division of Grenada and Leticia James, Deputy  Constable, Financial Intelligence Unit Grenada welcomed training participants.  Principal Officer U.S. Embassy Grenada, Karl Duckworth addressed the financial  professionals, “As international criminals develop more sophisticated techniques,  everyone benefits from sharing information on how to detect, investigate, and  ultimately bring to justice lawbreakers.” Duckworth continued, “As Grenada  continues to grapple with the real challenges presented by COVID, it is a  testament to the hard work and dedication of the revenue collection and financial  professionals from the United States and Grenada that they were able to hold this  important training safely online. We all look forward and pray for the day when  it is safe to conduct international exchanges like this in person. Meanwhile, the  United States will continue to be a friend to Grenada in these trying times.”