Search Results for: El Salvador
10 results out of 70 results found for 'El Salvador'.
CENTRAL AMERICA RAISES ITS AML/CFT GAME, BUT HAS MUCH WORK AHEAD
Central America’s increasing exposure to money laundering is at least being recognised by the governments on the region, who are working both individually and collectively to combat the problem.
The region has strengthened cooperation, for instance. A key initiative is the Central American Integration System (SICA), a regional political organisation which coordinates government actions for Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Belize and the Dominican Republic regarding certain policy development and programmes, notably improving law enforcement.…
CENTRAL AMERICA STRUGGLES TO CONTAIN THREAT POSED BY AML TO ITS UNSTABLE SOCIETIES
Mexico, South America, and the United States are usually the focus of discussions about money laundering, drug-trafficking and transnational crime in the Western Hemisphere. However, as countries like Mexico and Colombia have upped their security game, criminals have taken advantage of their small Central American neighbours as weaker links for both the transport of drugs and the laundering of illicit funds associated with the trade.…
ACCOUNTING SYSTEMS STRENGTHENING IN CARIBBEAN AND LATIN AMERICA – BUT MORE WORK NEEDED
IN the 1970s and 1980s, the governments of Latin America and the Caribbean did not have a comprehensively robust reputation for sound financial management. Many Caribbean island states had newly emerged from colonialism, finding their way as independent countries. And many Latin American countries were riven by social discord, even civil war, with many under military rule.…
COLOMBIA BOOSTS ITS INTERNATIONAL AML REPUTATION
Colombia has perhaps the strongest reputation in Latin America for playing host to powerful illicit drug cartels and their related money laundering. As a result, it is perhaps reassuring that over the past three years, the Colombian government, through the country’s Attorney General’s Office, seized between USD1 billion and USD1.2 billion, according Luis Edmundo Suárez, Colombia’s Unidad de Información y Análisis Financiero – financial information and analysis unit (UIAF).…
NICARAGUA RAISES FOOT-AND-MOUTH ALARM OVER US LIFTING BRAZIL BEEF IMPORT BAN
THE NICARAGUAN government has raised fears that the planned reopening of the US market to Brazilian beef could risk spreading foot-and-mouth disease (FMD) to north and central America. Its representatives spoke out at a meeting this week (Thursday March 26) of the World Trade Organisation’s (WTO) sanitary and phytosanitary committee, in Geneva.…
LATIN AMERICA HIGHER EDUCATION STRUGGLES TO INTERNATIONALISE – HEARS KEY CONFERENCE
AN INTERNATIONAL higher education conference has underlined the major progress made in building links between the universities of neighbouring countries in Latin America. But it also highlighted the significant remaining challenges facing Latin American higher education if it wants to be truly integrated with tertiary institutions worldwide.…
LATIN AMERICA HIGHER EDUCATION STRUGGLES TO INTERNATIONALISE – HEARS KEY CONFERENCE
AN INTERNATIONAL higher education conference has underlined the major progress made in building links between the universities of neighbouring countries in Latin America. But it also highlighted the significant remaining challenges facing Latin American higher education if it wants to be truly integrated with tertiary institutions worldwide.…
BRAZILIAN AIRPORT EXPANSION MOVES AHEAD AS WORLD CUP LOOMS
ACCORDING to World Bank data on Brazil, air transport measured in passengers carried jumped from 32.3 million in 2003 to 94.6 million passengers in 2012. And airport infrastructure has failed to keep up with this rapid growth in demand. Adding the extra 600,000 tourists which the Brazilian Institute of Tourism expects to visit the country during the 2014 FIFA World Cup and Brazil’s creaking airports could struggle to cope.…
US PRODUCERS BENEFIT FROM WESTERN HEMISPHERE SOURCING
IT is common sense that for really fast fashion, sourcing should be made as close to a home market as costs will allow. And for the world’s two largest fast fashion markets – the European Union (EU) and the United States – geography does provide some useful neighbours able to offer lower cost out-sourcing, albeit not as cheap as in east and south Asia.…
OAS’ CICAD IS KEY AML PLAYER IN THE AMERICAS
The Inter-American Drug Abuse Control Commission (CICAD), a technical agency of the Organisation of American States (OAS), is playing an increasingly influential role in the Americas in terms of fighting drug-trade linked money laundering. Specifically, CICAD has a central role in the unfolding of the Hemispheric Plan of Action on Drugs 2011-2015 which was adopted by the OAS in 2011, and includes key anti-money launderingAML components.…