The Caribbean nation of Aruba is set to impose a raft of new anti-money laundering rules in an attempt to stave off the island's inclusion on an international blacklist that could be released next month.
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.
An Antigua and Barbuda financial services association is lobbying to improve the islands' reputation in the wake of an alleged Ponzi scheme tied to one of the jurisdiction's biggest investors.
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.
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