The GAO cited the views of the Caribbean Financial Action Task Force that the islands have a culture of "strong compliance" in matters requiring cooperation to combat terrorism and international money laundering, and acknowledged the view of the International Monetary Fund that Cayman's regulatory regime is broadly consistent with its recommended standards.
Thomas told the Caribbean Financial Action Task Force on Monday that such an action will allow Grenada "to get involved in the financial sector in a legitimate way.
The Caribbean region's financial services sector has also been strengthened by the guidance provided through the Caribbean Financial Action Task Force, an organization of 30 Caribbean Basin states created in the early 1990s to establish common measures to counter money laundering.
Other instruments which form the basis of a broad international consensus include: * The 19 recommendations of the Caribbean Financial Action Task Force (CFATF), of June 1990; * The Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime, of November 1990 (Strasbourg Convention); * The European Directive on Prevention of the Use of the Financial System for the Purpose of Money Laundering, of 10 June 1991; * The Model Regulations Concerning Laundering Offenses Connected to Illicit Drug Trafficking and Related Offenses of the Inter-American Drug Abuse Control Commission (CICAD) of the Organization of American States, of 15 June 1992.
Department of Justice's Asset, Forfeiture and Money Laundering Section --Calvin Wilson, Executive Director of the Caribbean Financial Action Task Force (CFATF) based in Trinidad "From the industry's perspective, we have a responsibility to keep up-to-date with global dialogue and discussion about risk management and regulatory compliance," said Mr.
TORTOLA, British Virgin Islands - 5 January, 2009 - The British Virgin Islands Financial Services Commission (FSC) is pleased to announce that the Third Round Mutual Evaluation of the British Virgin Islands by the Caribbean Financial Action Task Force (CFATF) has been completed with the finalisation of the BVI's Mutual Evaluation Report.
Speaking to the Caribbean Financial Action Task Force, Owen attacked Morganthau for an article in The Times which called for the elimination of offshore tax havens such as the Cayman Islands.
Costa Rica The Caribbean Financial Action Task Force (CFATF) will be hosting a joint seminar with the International Monetary Fund and the World Bank in San Jose, Costa Rica between 27 June and 1 July.
