Category: Anti-Money Laundering

Correspondent Banking and De-risking Discussed as CARICOM Meets with Chair of US Financial Services Committee

Chairman of the Caribbean Community (CARICOM) and Prime Minister of Saint Lucia,  Honourable Allen Chastanet, yesterday (Wednesday) attended a meeting in Washington, D.C. hosted by Congresswoman Maxine Waters, Chair of the United States House of Representatives Financial Services Committee.  The purpose of the meeting was a discussion on financial services and specifically correspondent banking that featured senior executives from financial institutions in the U.S.A. doing business in the Caribbean region. Also in attendance were Secretary-General of CARICOM, Ambassador H.E. Irwin…

CARICOM Delegation Discussing De-Risking and Correspondent Banking In US

BRIDGETOWN, Barbados, CMC – Antigua and Barbuda Prime Minister Gaston Browne is leading a Caribbean Community (CARICOM) delegation to the United States participating in a roundtable discussion on de-risking and correspondent banking. The discussion, which is being hosted by the US House Committee on Financial Services, will include legislators and bankers. Caribbean countries have been arguing that the threat by banks in developed countries to withdraw correspondent banking services would exclude the region from the global finance and trading system…

Caribbean Bankers Trained in AML and Correspondent Banking

Sint Maarten, October 29th, 2019 : 19 participants from nine Caribbean jurisdictions took part in a certified one-day training programme designed to improve their understanding of risk and compliance on Tuesday, 29 October 2019, in Philipsburg, Sint Maarten. The registrants, including chief executive officers, chief financial officers, compliance heads, and senior executives, were enrolled in the Anti-Money Laundering for Correspondent Banking – Certificate Programme, enabled by the Florida International Bankers Association (FIBA), in partnership with the Caribbean Association of Banks (CAB)…

New AML Newsletter with a Caribbean Focus

A new newsletter has been issued for compliance professionals which will examine in depth, issues of importance to the Caribbean. The AML Digest Newsletter is designed to examine AML topics in depth and to provide helpful information to compliance specialists. The newsletter edited by Louis Parris is now available for free download at: https://joom.ag/yHvY…

Anti-Money Laundering

Adjusting the Lens on Economic Crime: Preparation brings opportunity back into focus – Article Pwc Global Economic Crime Survey 2016 – Survey FATF AML Guidance on Correspondent Banking Services – Article…