BRITISH OVERSEAS TERRITORIES MAKE PROGRESS IN ANTI-MONEY LAUNDERING LEGISLATION
November 1st, 2012
BY ROBERT STOKES
TIME was when hearing the British Virgin Islands (BVI) or Cayman Islands described as role models of watchfulness and legal retribution against money laundering and terrorist financing would have raised at least a snigger.
Yet these and other UK Overseas Territories (OTs) in the Caribbean have made "significant progress" in AML/CFT provisions, according to Calvin Wilson, executive director of the Caribbean Financial Action Task Force (CFATF). CFATF represents 29 Caribbean states taking common countermeasures to address criminal money ...
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