Bermuda Triangle Picture
M) Money Laundering and Financial Crimes
Bermuda is subject to the US/UK Extradition Treaty. Bermuda is a member of the Caribbean Financial Action Task Force (CFATF), and through the UK, is also a party to the 1988 UN Drug Convention. Bermuda is also a party by extension from the UK to the UN International Convention for the Suppression of the Financing of Terrorism. Bermuda is also a member of the Offshore Group of Banking Supervisors. ... International business forms the basis of Bermuda’s economy. The BMA licenses and regulates international business in the same manner as it does domestic companies. As of June 30, 2002, the Registrar of Companies recorded 13,020 international businesses registered in Bermuda, compared to 2,772 domestic companies. Of the international businesses, there were 11,806 exempt companies, 557 exempt partnerships, 638 non-resident international companies (incorporated elsewhere to do business in Bermuda), and 19 non-resident insurance companies. The BMA’s Report and Accounts records the following breakdown for 2001: 1,641 insurance companies, 1,301 mutual fund companies, and 120 unit trust companies. ... [Read More]
US Department Of State Post Report
This site has English option. You can get general information about time differences maps, pictures, questions about Buenos Aires. Guides to Restaurants, bars and pubs, Bingo and casinos, discotheques, art galleries, places to visit, tango houses, hotels, Emergency phones, airports, embassies, schools, hospitals, museums, transportation. ... Argentina is South America’s second largest country, after Brazil, in land area and population. It occupies most of the continent’s southern region between the Andes Mountains and the Atlantic Ocean. Argentina stretches from 22°S to 55°S latitude — a distance of about 2,300 miles — and is shaped roughly like an inverted triangle that tapers southward from a base about 1,000 miles wide. It borders on five South American countries: Chile to the west, Bolivia and Paraguay to the north, and Brazil and Uruguay to the northeast. ... [Read More]
M) Money Laundering and Financial Crimes
Bermuda. Bermuda has a large offshore financial services sector that may be attractive to money laundering. However, the Government of Bermuda has taken a number of measures to aid in the detection, investigation, and prosecution of financial crimes. As with the other British Caribbean Overseas Territories, Bermuda underwent a thorough evaluation of its financial regulation in 2000, co-sponsored by the local and British governments. ... Bermuda is subject to the US/UK MLAT and to the US/UK extradition treaty. Bermuda is a member of the Caribbean Financial Action Task Force (CFATF), and through the UK, is also a party to the 1988 UN Drug Convention. Bermuda is also a member of the Offshore Group of Banking Supervisors. ... [Read More]
Money Laundering and Financial Crimes
Bermuda (Other). Bermuda has a large offshore financial services sector that may be attractive to money laundering. However, the Government of Bermuda has taken a number of measures to aid in the detection, investigation, and prosecution of financial crimes. As with the other British Caribbean Overseas Territories, Bermuda underwent a thorough evaluation of its financial regulation in 2000, co-sponsored by the local and British governments. ... [Read More]
US Department Of State Post Report
Public transportation, frequently used by many Embassy employees, is inexpensive, but prices are increasing. A single ticket costs about $0.40 and a monthly pass about $16.50. Quarterly, six-month, and year-long passes are also available. Passes for one month or longer require a special picture identification card which can be purchased at several of the larger metro stations. Fifteen-day passes, which cost about $11 and do not require a picture identification card, are especially useful for out-of-town guests. Single trip tickets can be purchased at all Metro stations as well as at many newspaper stands and Tabak shops. Single trip tickets can also be purchased from the driver on a tram or bus, but there is a small surcharge on the price. Tickets for children 5 to 15 years old are also available for a reduced price. Children under the age of 5 ride for free. ... [Read More]
Policy and Program Developments
Overview for 2000For U.S. international antidrug programs, the year 2000 was one of important accomplishments and serious challenges. Long-term cooperation with our Western Hemisphere allies continued to bear fruit. We successfully attacked drug crop expansion, enhanced interdiction efforts, worked to arrest leaders of drug trafficking syndicates, and narrowed the opportunities for the drug trade to launder drug profits. At the same time, we provided our partners essential training assistance to strengthen their law enforcement and judicial systems, while helping them with programs to reduce drug consumption in their own countries. The year’s most noteworthy accomplishment was to keep the total Andean coca crop from expanding significantly. Six years of joint ... [Read More]
Money Laundering and Financial Crimes
Bermuda (Other). A British Overseas Territory, Bermuda remains one of the world's premier offshore international financial and business centers, with a large number of international business companies (IBCs). The Government of Bermuda (GOB) has made considerable progress in combating financial crime in recent years. Both the proceeds of Crime Act 1997 and the Proceeds of Crime Act Regulations 1998 came into force in January 1998. These measures criminalized money laundering, mandated the reporting of suspicious transactions, provided safe harbor protection for those making such disclosures, mandated customer identification and cash transaction record keeping procedures, and developed internal reporting procedures. The GOB issued extensive guidance notes to all financial institutions subject to the laws. ... [Read More]
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]
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