US names Caribbean countries in 2014 Money Laundering report WASHINGTON, Mar 3, CMC – The United States has named several Caribbean Community (CARICOM) countries as major money laundering states whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking. In its just released “2014 International Narcotics Control Strategy Report,’ the US State Department listed Antigua and Barbuda, Bahamas, Belize and Haiti as among major money laundering countries and jurisdictions around the world. In addition to these CARICOM countries, the other Caribbean islands named are the British Virgin Islands and the Cayman Islands. The report also notes that countries like the United Kingdom, the United States, Australia, Brazil, Russia, France, Canada as well as the Dominican Republic, Germany, Greece and the Netherlands had been designated major money laundering countries The report also notes that Caribbean countries like the Bahamas, Belize, Haiti and Jamaica had been classified as major drug-transit countries.
Posted on: Wed, 05 Mar 2014 14:28:39 +0000
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