Antigua And Barbuda Investment Bank

U.S. DEPARTMENT OF STATE INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTMARCH 1995BUREAU FOR INTERNATIONAL NARCOTICS AND LAW ENFORCEMENT AFFAIRS FINANCIAL CRIMES AND MONEY LAUNDERING11995 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTOVERVIEWThere were a number of significant accomplishments in the world of money laundering in 1994, and a number of new and/or intensified concerns. Accomplishments and concerns are summarized here and explained in detailed sections below.Accomplishments. Several financial center governments, such as Singapore and Panama, have adopted broad, new anti-money laundering policies and/or laws, and a number of governments were in the final stages of presenting/adopting new legislation.The Financial Action Task Force completed the evaluations of each of its 26 member governments, all conducted by outside experts and all culminating in recommendations for changes and improvements which will be monitored through continuing examinations be ... [Read More]

Money Laundering and Financial Crimes

(1) As DEA also points out, "In some cases, the agent (business) may represent a variety of remittance companies. When this is the case, the agent may suggest dividing the deposit, sending a portion with each of the represented businesses (companies). Thus, detection is increasingly challenging."Federal authorities at the conference also highlighted the recent growth of smaller independent remitters (beyond the more established Western Union and MoneyGram systems), particularly of those providing service to and from Mexico. DEA reported that although these remitters provide important legitimate services to migrant worker populations, the location of these businesses, "do not necessarily parallel the employment centers for these laborers. Rather, it appears that the agent locations are primarily located in states without regulations governing the money services industry." ... [Read More]

Treaties in Force - Index 2003

AFRICA331 AFRICAN DEVELOPMENT BANK (See under FINANCIAL INSTITUTIONS)AGRICULTURAL DEVELOPMENT FUND (See under FINANCE) AGRICULTURE (See also FOOD AND AGRICULTURE ORGANIZATION; PATENTS) 331 AIRCRAFT (See AVIATION; TRADE AND COMMERCE)ALIENS333 ANTARCTICA (See also CONSERVATION) 334 ANZUS PACT (See Security Treaty under ... [Read More]

M) Money Laundering and Financial Crimes

Glossary of Terms"Criminalized Drug Money Laundering": The jurisdiction has enacted laws criminalizing the offense of money laundering related to drug trafficking. "Criminalized Beyond Drugs": The jurisdiction has extended anti-money laundering statutes and regulations to include non-drug-related money laundering. "Record Large Transactions": By law or regulation, banks are required to maintain records of large transactions in currency or other monetary instruments. "Maintain Records Over Time": By law or regulation, banks are required to keep records, especially of large or unusual transactions, for a specified period of time, e.g., five years. "Report Suspicious Transactions": An "M" (for "mandatory") indicates that by law or regulation, banks are required to record and report suspicious or unusual transactions to designated authorities. A "P" indicates that by law or regulation, banks are permitted to record and report suspicious transactions. An effe ... [Read More]

Law Enforcement Cases

Trade-Based Money Laundering Money Laundering via Gold Smuggling In August 2001, the ICE Boston office received information that narcotics traffickers were laundering drug proceeds through the smuggling of gold, which they had disguised as other commodities. ICE officers used the Data Analysis and Research for Trade Transparency (DARTT) database to corroborate the information and provide additional leads. The scheme centered on gold refineries located in the Northeastern United States. Investigators determined that narcotics traffickers were using a number of overvaluation schemes to move the gold into and out of the U.S. Overvaluation schemes, which are common in trade-based money laundering, allow a launderer to send excess funds overseas, while providing documents to conceal the nature of the ... [Read More]

Treaties in Force 2002 Index

 AppendixTable of ContentsPART 1: BILATERAL TREATIES AND OTHER AGREEMENTS   [Read More]

Tips for Travelers to the Caribbean

May 1997 Foreword Since colonial times, the Caribbean has been a favorite place for American visitors. In the past 50 years, tourism to the area has increased greatly, and today millions of U.S. citizens visit the islands every year. The majority of these visitors have a safe trip. To help you have a similar experience, the Department of State's Bureau of Consular Affairs has prepared these tips for you. Consular Affairs provides services to Americans ... [Read More]

USIA, Economic Perspectives, March 1998 -- SubregionalTrading Groups

CACM maintains a common external tariff. The organization alsohas a development bank, the Bank for Central American EconomicIntegration. ...

Seven CARICOM members form the smaller Organization of EasternCaribbean States, which has a common central bank and a commoncurrency, the only such arrangement in the Western Hemisphere. The Eastern Caribbean Central Bank issues the Eastern CaribbeanDollar, which is the currency of Antigua and Barbuda, Dominica,Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St.Vincent and the Grenadines, and of the British-dependentterritory of Anguilla. ... [Read More]