KINGSTON–Officials in the English-speaking Caribbean are meeting in Antigua to brainstorm ways of strengthening anti-money-laundering efforts.It's an uphill battle in the Caribbean, which UN experts consider a top destination for the laundering of cocaine income.Yesterday, participants included the heads of financial intelligence units from 13 islands, including the offshore finance powerhouses of the Cayman Islands and the British Virgin Islands.
Money laundering expert Jeffrey Robinson says he believes officials in the Caribbean are trying their best to interrupt the flow of dirty money. He says that in earlier decades the islands "weren't doing anything."The meeting is funded by a Caribbean criminal assets recovery programme of the British Department for International Development.
AP