Search Results for: Caribbean

FATF says FIUs must be a national centre for the receipt and analysis of suspicious transaction reports (STRs) and other information linked to ML, associated predicate offences and terrorist/proliferation financing, and disseminate that analysis. FIUs should be able to obtain additional information from obliged entities, and access relevant financial, administrative and law enforcement data.…

Venezuela, whose July presidential election has been contested by its political opposition as fraudulent, is facing an increase in financial controls having been grey listed by FATF this June (2024). This was over failures to respond to the global body’s requests for improvements in AML/CFT.…

Free trade zones (FTZ) have long been identified as having potential vulnerabilities for ML/TF/PF. And while they are not a key priority for FATF as it assesses the criteria for its fifth mutual evaluation round (MER5), given FTZs are still growing in number, international concern about their criminal money risks persists.…

Universities and higher education institutions (HEIs) worldwide are being encouraged to focus on achieving global sustainability initiatives with the help of a new United Nations (UN)-sponsored reporting and measurement resource.

On July 15 (2024), UNESCO (the United Nations Educational, Scientific and Cultural Organisation) unveiled its Sustainability Evaluation Tool for Higher Education Institutions (SET4HEI).…

Institutions working with and within the United Nations’ (UN) Higher Education Sustainability Initiative (HESI) have been building action groups and collaborations to boost how artificial intelligence (AI) might aid the achievement of UN Sustainable Development Goals (SDGs).

That was a key message of the HESI Global Forum 2024, staged in New York on Monday (July 15), with Jonghwi Park, Head of Innovation and Education, the United Nations University Institute for Advanced Study of Sustainability (UNU-IAS) warning: “The world is feeling very divided about AI…regarding sustainable development.”…

There is a renewed sense of hope in Caribbean apparel outsourcer Haiti after the May appointment of interim Prime Minister Garry Conille and the arrival of the first contingent of police officers from Kenya on June 25. But for the island’s textile and apparel sector, the anticipation of better days is not so palpable and literally hinges on a US trade access programme called ‘HOPE/HELP’ being extended.…

Universities are “missing the mark of what was a serious wake-up call for the higher education sector” to transform itself, in the post pandemic era, the president of the International Association of University Presidents (IAUP) Dr Fernando Leon-Garcia has said. He was speaking at a panel discussion on Friday during an IAUP semi-annual meeting at Nottingham Trent University, in England’s East Midlands.…

With Caribbean clothing manufacturing hub Haiti continuing to be wracked with lawlessness, there is some hope within the industry that stability may soon emerge: “We know, we feel, we smell the end of the tunnel,” said Georges Sassine, the president of the Association des Industries d’Haiti, and owner of Haiti’s A,G Textiles SA.…

The British Virgin Islands (BVI), an autonomous UK overseas territory with a major company formation and offshore banking sector, has abandoned past commitments to create a public beneficial ownership (BO) register. Its government has said it will instead seek to ensure any new publicly accessible register of beneficial ownership (PARBO) will operate in line with the November 2022 European Court of Justice (ECJ) ruling that said: “The general public’s access to information on beneficial ownership constitutes a serious interference with the fundamental rights to respect for private life and to the protection of personal data” (1).…

Sint Maarten, an autonomous country within the Dutch Caribbean, has been struggling to strengthen its AML/CFT system, although it has made tangible progress. Sint Maarten, which comprises the southern third of the island of St Martin in the north-east Caribbean, which it shares with the French collectivity of Saint Martin, had 12 follow up reports for its latest third mutual evaluation round by the Caribbean Financial Action Task Force (CFATF) (1).…