Cayman Island Rental
US Department Of State Post Report
Jamaica is the third-largest Caribbean island and lies nearly 600 miles south of Miami, Florida. Slightly smaller than Connecticut, the island is 146 miles long and 51 miles across at its widest point. Except for narrow coastal plains mainly on the island's south side, the landscape is one of sharp, crested ridges, unique "cockpit" formations, and deep, twisting valleys. Almost half the island is more than 1,000 feet above sea level. Some 50% of the island is used for agriculture, 40% is woodland, and the remaining 10% is divided between mining and urban areas. ... [Read More]
M) Money Laundering and Financial Crimes
Cayman Islands. The Cayman Islands, a United Kingdom (UK) Caribbean Overseas Territory, has made significant strides in its counter-money laundering program, though it is still vulnerable to money laundering due to its significant offshore sector. With a population of 40,000, the Cayman Islands is home to a well-developed offshore financial center that provides a wide range of services such as private banking, brokerage services, mutual funds, various types of trusts, as well as company formation and company management. Cayman Islands authorities report that approximately 580 banks and trust companies, 3,178 mutual funds, and 517 captive insurance companies are licensed in the Cayman Islands. In addition, approximately 45,000 offshore companies are registered in the Cayman Islands, including many formed by the Enron Corporation. ... [Read More]
Money Laundering and Financial Crimes
(1) Patterns of Global Terrorism—1999, United States Department of State Publication 10687, April 2000.A wide-ranging joint FBI and Department of Treasury investigation into interstate cigarette smuggling, involving a suspected Hizballah terrorist cell operating in Charlotte, North Carolina, led to the July 21, 2000 arrest by U.S. authorities of 18 individuals. Ten days later a federal grand jury in North Carolina indicted these individuals, including seven suspected Hizballah supporters, for immigration fraud and related bribery and conspiracies; conspiring to smuggle contraband cigarettes; and conspiring to launder money. Many of the defendants continue to be detained prior to trial, while the investigation continues. At least seven of the defendants are suspected members of, or sympathetic to Hizballah, a foreign terrorist organization designated as such under U.S. law in 1997 and again in 1 ... [Read More]
Hong Kong and Macau
Cayman Islands 3.6 1.5 ... The Copyright Ordinance protects any original copyright work created or published by any person anywhere in the world. It provides for rental rights for sound recordings and computer programs but not films. It provides for enhanced penalty provisions against copyright piracy and additional legal tools to facilitate enforcement. It decriminalizes parallel imports of copyrighted products one year after their release anywhere in the world, but maintains civil penalties. In March 2004, the Legislative Council passed an amendment to the Copyright Ordinance that facilitates enforcement against and prosecution of the illicit reproduction of printed works. The bill took effect September 1, 2004. In addition, the bill maintains criminal liability for business-related end-use piracy of computer programs, movies, television dramas, and musical recordings while continuing to exclude the business-related end-use piracy of printed works from criminal liability. These provisions will stay in effect t ... [Read More]
Country Reports: A-F
Afghanistan While Afghanistan is not a regional financial or banking center, its informal financial and credit system is extremely robust in scope and scale. Afghanistan is a major drug transit and drug producing country. Afghanistan recently passed anti-money laundering and terrorist financing legislation, and many efforts are being made to strengthen police and customs forces. However, there remain few resources and little expertise to combat financial crimes, or to produce meaningful financial intelligence. The most fundamental obstacles continue to be legal, cultural and historical factors that many times conflict with more Western-style proposed reforms to the financial sector generally. In early 2004, the Central Bank of Afghanistan, Da Afghanistan Bank ( ... [Read More]
US Department Of State Post Report
* Currently (September 2004), these countries are: Ascension Island, Antigua and Barbuda, Netherlands Antilles, Australia, Aruba, Barbados, Bahrain, Bermuda, Canada, Croatia, Fiji, Falkland Islands, French Polynesia, Jamaica, Japan, Cayman Islands, Mayotte, Montserrat, Mauritius, New Caledonia, New Zealand, Saint Helena, Saint Kitts and Nevis, Saint Pierre et Miquelon, Saint Vincent and the Grenadines, Singapore, United States of America, Vanuatu, Wallis and Futuna. ... [Read More]
1996 Country Commercial Guides
U.S. Department of StateVenezuela Country Commercial GuideOffice of the Coordinator for Business Affairs VENEZUELA COUNTRY COMMERCIAL GUIDE FISCAL YEAR 1996This Country Commercial Guide (CCG) represents a comprehensive look at Venezuela's commercial environment through economic, political and market analysis.The CCG's were established by recommendation of the TradePromotion Coordination Committee (TPCC), a multi-agency task force, to consolidate various reporting documents prepared for the U.S. business community. Country Commercial Guides are prepared annually at U.S. embassies through the combined efforts of several U.S. Government agencies. I. EXECUTIVE SUMMARYII. ECONOMIC TRENDS AND OUTLOOK: Major Trends & Outlook Principal Growth Sectors Government Role in the Economy Balance of Payments situation Infrastructure Sit ... [Read More]
Country Reports: N-Z
Namibia Namibia is not a regional financial center. In addition to its Central Bank, Namibia has four commercial banks. Of particular concern in Namibia is the smuggling of precious minerals and gems, the proceeds of which Namibian authorities think may be laundered through Namibian financial institutions. In November of 2004, Namibia criminalized money laundering with passage of the Prevention of Organized Crime Bill. The new law requires both bank and non-bank financial institutions to report suspicious transactions to the Central Bank and provide relevant documents and other information to government authorities for use in criminal investigations. Non-bank financial institutions, such as private pension funds, the stock exchange, and investment companies, were previously ... [Read More]
1996 Country Commercial Guides
U.S. Department of State Japan Country Commercial Guide Office of the Coordinator for Business Affairs FY 1996 COUNTRY COMMERCIAL GUIDE ================================ U.S. EMBASSY JAPAN July 5, 1995 TABLE OF CONTENTS I. EXECUTIVE SUMMARY II. ECONOMIC TRENDS AND OUTLOOK A. Major Trends and Outlook B. Principal Growth Sectors C. Government Role in the Economy D. Balance of Payments Situation E. Infrastructure Situation III. POLITICAL ENVIRONMENT A. Nature of Political Relationship with the United States B. Major Political Issues Affecting the Business Climate C. Brief Synopsis of Political System, Schedule for Elections, and Orientation of Major Political Parties IV. MARKETING U.S. PRODUCTS AND SERVICES A. Distribution and Sales Channels B. Use of Agents/Distributors; Finding a Partner C. Franchising D. Direct Marketing E. Joint Ventures/Licensing F. Ste ... [Read More]
|