Eastern Caribbean Agrees to Steps to Protect Economies from Criminal Proceeds (IA)

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

Friday, September 1, 2000
Bruce Zagaris
On July 21, 2000, the Government of Grenada, the Caribbean Development Bank, the United Nations Drug Control Program (UNDCP), and the Caribbean Financial Action Task Force (CFATF), held a meeting in Grenada, attended by the governments of Barbados and the Eastern Caribbean to assess the dangers posed by money laundering to the region?s economic development and review strategies to combat the incursion of criminal proceeds into regional economies in light of the adverse report by various international organizations, such as the Organization of Economic Cooperation and Development?s harmful tax competition report. At the meeting recommendations were adopted on ?protecting Eastern Caribbean economies from the dangers of criminal proceeds??[more]