CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Caribbean Territories Sign Up To Anti-Corruption Drive

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.

TAGS: money-laundering | Suriname | compliance | tax | Bahamas | Chile | Paraguay | Saint Vincent and the Grenadines | Uruguay | law | Belize | Colombia | Grenada | Mexico | Trinidad and Tobago | offshore | corporate governance | Antigua and Barbuda | Bolivia | Brazil | Canada | Costa Rica | Dominica | Dominican Republic | Guatemala | Guyana | Peru | United States | standards | Argentina | El Salvador | Honduras | Panama

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »