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

By Esther C Suss, Oral Williams, Chandima Mendis

May 1, 2002

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Format: Chicago

Esther C Suss, Oral Williams, and Chandima Mendis. Caribbean offshore Financial Centers: Past, Present, and Possibilities for the Future, (USA: International Monetary Fund, 2002) accessed September 18, 2024

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.

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

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Application fee licence, Authority, Bank, Banking industry, Caribbean, Cayman authority, Country, Development strategies, Due diligence, Fee, Financial Action Task Force, Financial sector, Gaming company, Liability company, Market leader, Money laundering, OFC sector, Offshore financial centers, Offshore financial sectors, WP

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/088
Stock No:

WPIEA0882002
ISBN:

9781451851175
ISSN:

1018-5941

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