Search Results for: Antigua

BY KEITH NUTHALL

PEER review reports on tax rules coordinated by the Organisation for Economic Cooperation & Development (OECD) have attacked jurisdictions over tax information law weaknesses, including the UK. It had "insufficient mechanisms…to identify owners of bearer shares and…restrictive…statutory information gathering powers," said the OECD.…

BY GERARD O’DWYER

IF there is one region where high standards in fighting money laundering and terrorist finance are expected, it is surely the five Nordic states: Norway, Sweden, Denmark, Finland and Iceland. Notwithstanding the criticism leveled at Iceland’s financial regulators during the credit crunch, all five countries have admirable traditions of public openness, government efficiency and international cooperation, especially amongst themselves.…

BY KASHMIR HILL

TEXAS financier R Allen Stanford built an US$8.5-billion Caribbean banking empire catering to 30,000 customers in 131 countries, but this year Stanford was indicted for swindling those investors in a massive, ongoing fraud. The US government is calling it a Ponzi scheme that defrauded investors of US$7 billion, making it the second largest of the era after Bernie Madoff’s.…

BY ALAN OSBORN, in London, and SUZANNE KOELEGA, in Sint Maarten, Dutch West Indies

AS with much of life today, the future of gambling is closely tied to the Internet, and this development of an international industry based on instant cross-border cash flows has raised understandable concerns about money laundering.…

BY KEITH NUTHALL

THE SAFETY certification of airports in the eastern Caribbean requires significant reform, an International Civil Aviation Organisation (ICAO) report has stressed. Drawing on Universal Safety Oversight Audit Programme (USOAP) assessments, it raised concerns about airports in Trinidad & Tobago; Jamaica; Antigua & Barbuda; Grenada; St Kitts & Nevis; St.…

BY KEITH NUTHALL

THE EUROPEAN Commission has initialled new fishing access deals with two African island nations: São Tomé e Principe, off west Africa, and Madagascar, in the Indian Ocean. The Madagascan deal will last six years from January 2007, and exclusively covers tuna.…

BY WESLEY GIBBINGS, in Port of Spain, Trinidad

WITH its multiple small jurisdictions, offshore tax havens and proximity to both drug producing countries in Latin America and the United States, the Caribbean has always been a focus of global anti-money laundering efforts.…

BY KEITH NUTHALL
THE ROLE of the Caribbean as a staging point for ill-gotten gains goes back to the trans-Atlantic misadventures of the first European ships over 400 years ago. It would appear some habits die hard. Wesley Gibbings reports from Port of Spain, Trinidad.…

BY KEITH NUTHALL
AS a truly global criminal problem, it is only right that fighting money laundering is a key priority of the United Nations (UN). Its general assembly and key committees have made declarations and approved conventions on the subject, and its specialist agencies have also devoted time, money, specialist staff and energy to fighting the problem.…

BY KEITH NUTHALL
NOBODY likes to be on a blacklist, especially one written by the American government. But every year, the US state department issues a comprehensive rogues gallery of countries involved in the narcotics trade and related criminal problems. One surprising entrant: the United States.…