CARICOM leaders end successful summit

CARICOM: CARICOM ends its 2-day summit in Guyana. Among the items discussed:

  1. Need for a regional strategy to strengthen regional AML frameworks in an attempt to reduce the incidence of de-risking. Committee of Ministers of Finance to oversee the roll out of the strategy/ action plan submitted by the Committee of Central Bank Governors.
    Gaston Browne, Chairman of the Committee on Correspondent Banking, said CARICOM will be hiring a lobbyist to help the deal with the de-risking issue. The EU has committed to provide resources to strengthen CARICOM’s technical capacity, on this issue.
  2. Protocol on procedures relating to travel. Council for Trade and Development (COTED) will meet to address air transport issues.
  3. Payments systems for intra-regional trade.
  4. Capacity building against cyber-crime.
  5. Approval of a draft road map for a single ICT space.
  6. Status review of various member state initiatives.

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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