Antigua Barbuda Computer Trader
International Narcotics Control Strategy Reports
US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSINTERNATIONAL NARCOTICS CONTROL STRAGEGY REPORTAPRIL 1994FINANCIAL CRIMES AND MONEY LAUNDERING1994 INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORTINTERNATIONAL MONEY LAUNDERINGOVERVIEWIntelligence findings from North and South America, Eastern and Western Europe, South and East Asia, Africa and the Middle East confirm that another significant shift has occurred in money laundering trends and methods, requiring changes in policy and strategy for 1994.The critical aspects are the volume of non-drug related money laundering; increased investment of illegal proceeds in legitimate business, including the financial industry; and the targeting of financial systems in countries/territories (some with little or no domestic involvement in drug trading or other serious proceeds-generating crimes) to launder drug and other proceeds generated by crimes committed in other jurisdictions.In 1988, when the United Nations Convention was ... [Read More]
M) Money Laundering and Financial Crimes
Antigua and Barbuda is a party to the 1988 UN Drug Convention, a member of the Organization of American States Inter-American Drug Abuse Control Commission (OAS/CICAD) Experts Group to Control Money Laundering and a member of the Caribbean Financial Action Task Force (CFATF), of which it assumed the Vice-Presidency in 2002. The GOAB underwent its Second Round CFATF Mutual Evaluation in October 2002. In 1999, Antigua and Barbuda was the first country in the Eastern Caribbean to exchange instruments of ratification bringing into force a Mutual Legal Assistance Treaty and an Extradition Treaty with the United States. One extradition request related to a fraud and money laundering investigation remains pending under the Treaty, awaiting the outcome of an appeal against a Magistrate’s deportation order. Antigua and Barbuda signed a Tax Information Exchange Agreement with the United States in December 2001 that allows the exchange of tax information between the two nations. Antigua and Barbu ... [Read More]
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