Caribbean offshore Financial Centers: Past, Present, and Possibilities for the Future

Author/Editor:

Esther C Suss ; Oral Williams ; Chandima Mendis

Publication Date:

May 1, 2002

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper reviews the development of offshore financial activities in the English-speaking Caribbean islands and takes stock of the size and status of these sectors today. In view of the heightened concerns of the international community about money laundering, the costs and risks to countries of having or establishing offshore sectors have risen considerably.

Series:

Working Paper No. 2002/088

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Crime Economic sectors Financial sector Financial services Money laundering Offshore financial centers

English

Publication Date:

May 1, 2002

ISBN/ISSN:

9781451851175/1018-5941

Stock No:

WPIEA0882002

Pages:

34

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