The Financial Crimes Enforcement Network (FinCEN) has released the Customer Identification Programme requirements proposed for US firms, under Section 326 of the *USA PATRIOT Act*. (see site link below) It … Read More
International Issues
EU Savings Tax Directive
Center for Freedom and Prosperity (CFP) President Andrew F. Quinlan has reported that the Bush Administration is not expected to support US participation in the EU’s Savings Tax Directive. He … Read More
IMF: Ongoing Process of Change
Addressing the Treasury Select Committee in the House of Commons, London, last week, the Managing Director of the International Monetary Fund confirmed that the IMF is in the *”process of … Read More
Caribbean Community (CARICOM) Talks
This past weekend Prime Minister Christie and the rest of the Bahamas delegation returned to Nassau from Guyana. They had been participating in the 23rd Conference of CARICOM Heads of … Read More
FATF Releases Annual Report
The Financial Action Task Force on Money Laundering (FATF) today issued its thirteenth Annual Report. *(See pdf link below)* In addition to the main achievements of the FATF in 2001-2002, … Read More
Anti-Terrorism Measures, Hemispheric Security and Trade – Key Issues at Hemispheric Assembly
Last week OAS Secretary General César Gaviria and Barbados Prime Minister Owen Arthur inaugurated the 32nd regular session of the General Assembly of the Organisation of American States. Foreign Ministers … Read More
FATF Report On Non-Cooperative Countries and Territories (NCCTs)
**Annual Report and Report on Non-Cooperative Countries and Territories – June 21 News Conference** In Paris today, the Financial Action Task Force on Money Laundering (FATF) announced that it will … Read More
FATF Forty Recommendations: Public Consultation Paper Released
Global Anti-Money Laundering Standard Today in Paris, the Financial Action Task Force (FATF) announced that it is in the process of consulting all interested parties in the review of its … Read More
ITIO And OECD To Work On Framework For A Level Playing Field
Following last week’s meeting in St. Lucia with the Organisation for Economic Cooperation and its member states, the International Tax and Investment Organisation announced today it welcomes indications from the … Read More
IMF: Promoting Sustained Growth & International Financial Stability
Earlier this week, Horst Kohler, Managing Director of the International Monetary Fund in giving a preview of the Spring Meeting of the International Monetary and Financial Committee (IMFC) of the … Read More