Caribbean Financial Action Task Force (CFATF) members are highly committed to supporting the international fight against money laundering and terrorist financing, according to CFATF executive director, Calvin Wilson.<\/P><\/p>\n
To this end, Mr Wilson announced recently, the CFATF, in conjunction with the Inter-American Development Bank, and the governments of Costa Rica, the Dominican Republic, Panama, and Venezuela is preparing to spend around US$100,000 on training front-line finance industry officials from the public and private sectors in the latest anti-money laundering techniques. <\/P><\/p>\n
According to a report in the Barbados Advocate on Monday, it is hoped that once initial training is complete, the courses can be replicated domestically by each country involved in the initiative.<\/P><\/p>\n
‘Money launderers have a powerful incentive to attempt to circumvent anti-money laundering controls, and therefore there is a need to continually provide updated training in monitoring and detecting to respond to the challenges facing banks,’ the Advocate quoted Mr Wilson as observing.<\/P><\/p>\n
He went on to add that the programme will also provide regional banking regulators with the opportunity to share experiences of how to maintain the integrity of anti-money laundering systems.<\/p>\n
By Amanda Banks, Tax-News.com<\/B><\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
…there is a need to continually provide updated training in monitoring and detecting to respond to the challenges facing banks.’<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-241591","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/241591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=241591"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/241591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=241591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=241591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=241591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}