Executive Director of the Caribbean Financial Action Task Force (CFATF), Calvin Wilson has said that de-risking or the loss of correspondent banking relations is looming largely across the Caribbean region because of what is being perceived by international financial institutions as “high...

Port of Spain, Trinidad and Tobago – “The ITU, UNECLAC, the CTU, the various bankers’ associations, the central bankers, the anti-money laundering regulators, the digital financial Services technology providers, the cyber security experts and the consumer protection officials ...

ST JOHN’S, Antigua -- Antigua and Barbuda on Wednesday registered strong objections with the US state of Illinois, which has introduced legislation listing Antigua and Barbuda and ten Caribbean Community (CARICOM) countries along with six other Caribbean jurisdictions as tax havens. In letter...

GEORGETOWN, Guyana, Oct 1, CMC – The Guyana government says it is in the process of putting in place alternatives to address the technical deficiencies in its existing legal and financial legislative measures for the assessment of the Financial Action Task Force (FATF). Attorney General and ...

Grenada and the United States have reached an inter-governmental agreement under the latter’s Foreign Account Tax Compliance Act, the Grenadian government announced Monday. Grenada’s government said it completed the negotiation of a model 1 inter-governmental agreement on June 16 to en...

amaica’s government is planning a new measure that would impose a levy on withdrawals from banks. Part of a revenue-raising scheme for a government that continues to be in a serious debt situation, the levy “will be chargeable on all withdrawals from deposit-taking institutions by way ...

WASHINGTON—Finance officials of the world’s major economies expressed confidence that they can meet an ambitious goal of boosting global growth by US$2 trillion over the next five years. That’s despite a variety of threats including rising political tensions over Russia’s...

CASTRIES, St. Lucia, CMC – Prime Minister Dr. Kenny Anthony says he is concerned about EC$150 million (One EC dollar = US$0.37 cents) in non-performing bank loans, vowing that the problem has to be resolved. “This is not an issue to be tackled by one country alone, but by all of us i...

ST GEORGE’S, Grenada (GIS) -- The International Monetary Fund (IMF) wants to meet early next month to approve Grenada’s home grown structural adjustment program. The IMF official who will be chairing the meeting has asked Grenada’s permanent secretary in the ministry of finance, ...

PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government has announced the establishment of a National Security Special Operations Group to deal with criminal activities in the country. But National Security Minister Gary Griffith made it clear that the new unit comprising, highly t...