US worries about Money Laundering in offshore jurisdictions

A number of Caribbean countries have been assailed by the United States for their alleged continued facilitation of money laundering and financial crimes.

In the second part of the 2011 International Narcotics Control Strategy Report (INCSR), the United States’ State Department was particularly concerned about efforts made by several jurisdictions in addressing these crimes. The countries named by the authority were the Cayman Islands, Belize, the British Virgin Islands, Antigua and Barbuda, and the Bahamas.

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