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PAGE ONE :: WORLD NEWS :: INDUSTRY

Cayman Islands, Bahamas among  Caribbean nations blacklisted in fight against money laundering

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by FREEMAN WASHINGTON

BRIDGETOWN, Barbados (16 June 2001) -- The Financial Action Task Force will release an updated list of non-cooperative countries in the fight against money laundering next week.

The report, scheduled for release on Friday June 22, will list the Cayman Islands and the Bahamas as countries which have not cooperated in international efforts to stop money laundering, mostly by drug cartels.

 

Other blacklisted Caribbean countries include Grenada, Dominica, St.Kitts and St.Vincent, countries that are alleged to have accepted bribes from Japan to vote against the establishment of whale sanctuaries in the South Pacific.

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