CARICOM Heads of Government Adopt Resolution to Respond to De-Risking

IMPORTANT: The full content of this page is available to premium users only.

Author: 

Bruce Zagaris

Date Published: 

Friday, March 4, 2016

Volume: 

32

Issue: 

3

Subject Areas: 

Bank Secrecy
Banking Supervision
Comparative and International Law
Compliance
Conferences
Cross-Border Communication
Due Diligence
Economic Crimes
Economic Sanctions
FATF
Financial Crimes
Financial Enforcement
Financial Supervision
Information Exchange
International Banking Supervision
International Cooperation
International Organizations
Legislation
Money Laundering
Offshore Banking
Offshore trusts
Oversight
Penalties
Policy/Directives
Political Leaders
Political Strife
Regulation
Sanctions
Transparency

Geographic Identifier: 

Caribbean

Abstract: 

On February 15, 2016, at its meeting in Placencia, Belize, the CARICOM Heads of Government adopted a resolution to respond and combat de-risking that is plaguing the region.  At the opening ceremony of the 27th Intersessional Meeting of the Conference of Heads of Government of CARICOM, the Region Chair of the Community and Prime Minister of Belize, the Hon. Dean Barrow, used much of his address to focus on the correspondent banking scenario and what it portended for the Community.  The matter was a key agenda item of the two-day Summit, and a Meeting of Finance Ministers.