Caribbean Territories Sign Up To Anti-Corruption Drive

by Amanda Banks, Tax-News.com, London

15 September 2011

A number of offshore Caribbean territories have notified their consent to receive on-site visits to evaluate their compliance with the Inter-American Convention against Corruption.

The on-site visits will be carried out by the Mechanism for Follow-Up on the Implementation of the Inter-American Convention against Corruption (MESICIC), an inter-governmental body established within the framework of the OAS.

On September 9, Antigua and Barbuda, the Bahamas, Grenada, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago, communicated to the OAS their consent to be investigated by the Technical Secretariat of the MESICIC.

Consequently, this brings the number of territories that have consented to MESICIC visits to 26, the others including: Argentina, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Guyana, Honduras, Mexico, Panama, Paraguay, Peru, Saint Kitts and Nevis, the United States and Uruguay.

According to the body, MESICIC supports member states in the implementation of the provisions of the Convention through a process of reciprocal evaluation. In this mechanism, recommendations are formulated with respect to those areas in which there are legal gaps or where further progress is necessary.

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