Some have long viewed the Caribbean as a true paradise for vacationers and tax evaders alike. As it relates to the latter, there have been tremendous efforts at the national and regional levels to change this unwarranted narrative. Yet, as a region, we seem to be locked into a perpetual dance with the European Union (EU), being called off and back on to the dancefloor of the proverbial “blacklist.”…
Trinidad and Tobago (TT) has been added to the FATF’s list due to the lack of effective implementation of its AML/CFT framework. The Government of TT has made a commitment to work with the CFATF to address the deficiencies. FinCEN has advised U.S. Financial Institutions to consider the risks associated with the deficiencies in TT and other countries on the list. FinCEN also advised that TT’s inclusion on the list should not be used to put into question a domestic…
