Search Results for: Caribbean

AS in the Caribbean, small island jurisdictions in the south Pacific vary regarding their anti-money laundering (AML) exposure through the extent to which they host offshore financial sectors. As a result, when comparing the counties of Vanuatu, Fiji and the Solomon Islands, it is clear which of the three global AML regulators have had to worry about – Vanuatu.…

NEW Caledonia, a Pacific overseas territory governed by France, will need to transpose the new so-called European Union (EU) fifth anti-money laundering directive (AMLD5) reforms agreed in May. This is because the territory will have to follow AML/CFT implementing rules within French law, a spokesperson from the French ministry of economy and finance told the Money Laundering Bulletin.…

PRINCESS Juliana International Airport, the Sint Maarten-based north-east Caribbean hub, which suffered heavy damage from last September’s Hurricane Irma, has opened an air-conditioned temporary departures pavilion. A temporary arrivals pavilion maybe open by April, as repairs to the airport’s permanent terminal interior, seriously flooded by Irma, continue.…

RUNNING a complex international air travel business that recovering from 2017’s devastating hurricane season, Caribbean airline boss Julie Reifer-Jones is having to draw on her near three decades’ experience in senior financial management.

Immaculately presented, in killer heels, Reifer-Jones FCCA is not just the first female CEO of Antigua-based airline LIAT, she is the only female CEO of any airline in the Caribbean.…

THE DE-RISKING by banks of their correspondent banking relationships is a long-standing problem and is today becoming a truly global phenomenon. From the Caribbean to the Pacific Islands, to Middle East, Africa and Eastern Europe, banks have lost correspondent relationships with international financial institutions.…

CANADIAN air traffic control specialist Aeronav has supplied a temporary mobile ATC tower at Anguilla’s Clayton J Lloyd International Airport, after the existing facility was damaged by September’s category five storm Hurricane Irma. The Aeronav ANT-57 Mobile Tower System will stay in use until a new permanent tower, now under construction, is completed.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

AIRPORTS Council International (ACI) is to launch in the New Year a pilot programme designed to boost environmental good practice in airport management. The organisation’s director general Angela Gittens told a seminar on green airports, at the International Civil Aviation Organisation (ICAO), in Montréal, Canada, that the roll out would begin at Mariscal Sucre International Airport, Quito, Ecuador.…

DATA has been released by the Organisation for Economic Cooperation & Development (OECD) that shows how African governments collect less tax as a proportion of their countries’ wealth than in Latin America and the Caribbean. Africa’s average 2015 tax-to-GDP ratio was 19.1%; compared to 22.8% in Latin America/Caribbean and 34.3% for the 35 richer countries within the OECD.…

TRINIDADIAN accountant Anthony Pierre is clear that his major brief as the new president of the Institute of Chartered Accountants of the Caribbean (ICAC) is to help build a cadre of “future-ready” professionals willing to cooperate across national borders within the region and be guided by international best practice.…