FATF's latest round of mutual evaluations is proving "much more intense" resource-wise than past examination cycles, according to Calvin Wilson, the executive director of the intergovernmental group's affiliate organization in the Caribbean.
The conviction Tuesday of alleged Ponzi schemer Robert Allen Stanford marks the end of one legal battle and the heating up of another: the fight over the Texas businessman's assets held in at least a dozen banks worldwide.
The government of Aruba should "urgently" improve its anti-money laundering regime, including controls on customer due diligence and beneficial ownership, an intergovernmental watchdog organization said Monday.
In another serious blow to Antigua and Barbuda's reputation, a Houston court indicted the island's top regulator last week, calling to question the credibility of its financial regulatory system.
A Barbadian Parliamentary bill that would retroactively legitimize actions by the country's financial intelligence unit is raising questions about the jurisdiction's anti-money laundering regime, say consultants.
A Miami lawyer at odds with the U.S. Treasury Department for alleged bank fraud and his law firm are balking at a request to produce documents tied to the investigation of financier Robert Allen Stanford.
Antigua's efforts to end its reputation as a crime haven have suffered following the disclosure that the alleged head of an $8 billion fraud helped craft the country's anti-money laundering regime.