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

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Friday, September 1, 2000
Author: 
Bruce Zagaris
Volume: 
16
Issue: 
9
Abstract: 
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]