Spain and Britain Agree to Develop Formal Arrangements to Combat Drug Trafficking and Money Laundering in Gibraltar

On December 20, 1994, Britain and Spain reached an agreement to develop more formal arrangements for combating drug trafficking, money laundering, and illicit trade between Gibraltar and the Spanish mainland. The agreement provides only a temporary respite to the controversy and the strict border checks that have an adverse impact on tiny Gibraltar and threaten its sovereignty. The controversy also shows the latest effort to impose by force stronger controls on drug trafficking and anti-money laundering in small jurisdictions…(more)