Search Results for: Caribbean
10 results out of 348 results found for 'Caribbean'.
EXPERTS HIGHLIGHT THE NEED FOR THE GLOBAL MARITIME SECTOR TO COLLECT AND SHARE GOOD PRACTICE ON REDUCING EMISSIONS
A series of reports published in recent weeks have highlighted the need for increased collaboration across the shipping industry to develop and share best practice to significantly reduce the sector’s carbon footprint. Between 2000 and 2017, the CO2 emissions associated with the shipping sector grew at an average annual rate of 1.87% between 2000 and 2017, according to a report published in September by the Bonn-based International Renewable Energy Agency (IRENA), ‘Navigating the way to a renewable future: solutions to decarbonise shipping’, resulting in emissions of 677 megatonnes (Mt) of CO2 in 2017.…
FATF INTERVIEW – PLENARY – FATF GETS KEY BACKING FOR BOOSTING IMPELMENTATUIN OF ITS STANDARDS
UNDER the current Chinese presidency, global anti-money laundering body FATF has had strong support for its desire to boost the implementation of the AML/CFT policies and laws included in its recommendations. Money Laundering Bulletin interviewed FATF’s executive secretary David Lewis to explore how his organisation and been pushing improvements to supervision of AML/CFT to ensure its expert advice delivers on stemming dirty and terror money flows.…
AROUND 56 MILLION PAID BRIBES FOR PUBLIC SERVICES IN LATIN AMERICA
More than one in five or around 56 million people who accessed public services in Latin America and the Caribbean last year paid a bribe, according to the latest 18-country survey from Transparency International. The police notched up the highest bribery rate (24%), followed by other public services such as utilities (19%). …
WORLD’S SMALLEST COMMERCIAL RUNWAY REBUILT – IN SABA, DUTCH CARIBBEAN
The runway spans just 400 metres overlooking steep cliffs serving an island which is a dormant volcano with few stretches of flat land. The operator, Saba’s island government, has said that with Saba (population around 2,000) having no asphalt plant, longer-lasting concrete was a better financial choice.…
CLOSURE OF TRINIDAD & TOBAGO REFINERY SHAKES UP TWIN ISLAND STATE’S OIL INDUSTRY
THE CLOSURE in November of the only oil refinery in Trinidad & Tobago, after 101 years of producing fuel in this Caribbean twin-island state, has cost thousands of jobs, impacting a large part of the nation’s economy. It means that this republic, which still possesses substantial oil and gas reserves, must now import gasoline, diesel and aviation fuel. …
TRINIDAD & TOBAGO BANKING BODY NOW WANTS 2017 BILL PASSED TO REPAIR COUNTRY’S TAX REPUTATION
Trinidad & Tobago has a problem regarding tax transparency, one that its financial sector and government want to go away. The Caribbean twin-island state remains the only country that is a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes Global Forum that is listed as totally non-compliant with its rules – see https://www.oecd.org/tax/transparency/exchange-of-information-on-request/ratings/.…
WORLD’S SMALLEST COMMERCIAL RUNWAY REBUILT – IN SABA, DUTCH CARIBBEAN
THE WORLD’S shortest commercially-operated runway has been rebuilt, with a new concrete surface replacing the previous degraded asphalt at Juancho E. Yrausquin Airport, on Saba, a Dutch Caribbean island. The runway spans just 400 metres overlooking steep cliffs serving an island which is a dormant volcano with few stretches of flat land.…
SUB-SAHARAN AFRICA AIRPORT SECTOR EXPANDS AS AIR TRAFFIC PUSHES FACILITIES TOWARDS CAPACITY LIMITS
AFRICA is without doubt the continent to watch for airport and air traffic control investment in the future. It is the world’s second most populous continent (home to more than 1.2 billion people), and according to Airports Council International (World) – ACI World – Africa was the fastest growing region for air passenger traffic in 2017 and 2018, which rose 6.3% in 2017 year-on-year and 10.8% in 2018 to June year-to-date, year-on-year.…
TURKEY TAKES EYE OFF AML BALL FOLLOWING 2016 COUP
Turkey’s anti-terrorism laws have been used extensively by its government following the 2016 attempted coup, but fighting money laundering, corruption and financial crime has not been given the same priority.
With the rule of law undermined by the sacking or suspension of an estimated 150,000 members of the judiciary, civil service and military deemed part of the plot to overthrow President Recep Tayyip Erdoğan, eyes are on the mutual evaluation report being undertaken by the Financial Action Task Force (FATF) of Turkey this year.…
BERMUDA AND LIECHTENSTEIN – TWO FINANCIAL SECTORS SEEKING TO EVADE AML/CFT CENSURES
Bermuda and Liechtenstein may be half a world apart, but these two financial centres are similarly attractive destinations for parking money, the former with a dominant insurance sector, the latter specialising in tending the assets of the German super-rich. While both jurisdictions have strong privacy laws, they have managed to avoid being labelled by the Financial Action Task Force (FATF) as having weak AML/CFT laws.…