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. Guyana President Accuses US Of Having 'Double Standards'

Guyana President Accuses US Of Having 'Double Standards'

by Glen Shapiro, LawAndTax-News.com, New York

16 November 2007


Guyana's President, Bharrat Jagdeo, has spoken out to defend his region against accusations of money laundering, accusing the Western countries pointing the finger of blame of having double standards on the issue.

According to reports, addressing the issue at the opening of the 34th Annual General Meeting and Conference of the Association of Caribbean Indigenous Banks (CAIB), President Jagdeo explained that:

"We should make sure that we don't have a movement of illegal money across our jurisdictions, but we must not legislate ourselves out of competitiveness and we must not put burden on our banking system that other countries don't have."

Mr Jagdeo reportedly went on to state that: "Caribbean countries must not put undue burdens on their economies just to satisfy some notion of probity that even countries that recommend the probity don't practice themselves."

The Associated Press quoted Daniel Glaser, US Deputy Assistant Treasury Secretary for Financial Crimes as defending the watchful stance of the West, arguing that the US is simply trying to maintain a global level of security.

"The US doesn't force anyone to implement these measures — it's a matter of international consensus," he stated.


To see today's news, click here.

 















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 »



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 »