US: No money laundering in TT
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This finding was confirmed in the second volume of the US State Department’s 2008 International Narcotics Report. The first volume of this report, while this country is a transit country for illegal drugs, no senior officials in the country, with drug trafficking in 2007 and heads of government “not to encourage or facilitate, the illicit manufacture or distribution of narcotics or Psycho tropical drugs or other controlled substances or laundering of proceeds from illegal activities of drug transactions. According to the report of two volumes, TT is nowhere on the list of “major countries, money laundering in the year 2008.” Antigua and Barbuda, Bahamas, Belize, Brazil, Canada, Cayman Islands, Colombia, Costa Rica, Dominican Republic, Guatemala, Haiti, Mexico, Panama, United States, Uruguay and Venezuela are the only countries in the ‘Western Hemisphere on the list. The State Department said money laundering worldwide from three to five percent on a worldwide basis, gross domestic product (GDP) in 2007, according to the World Bank, 72.3 billion U.S. dollars. Ten years ago, that figure between $ 300 and $ 500 billion. The State Department identified the other casinos as a “cash-intensive businesses, which are often financial services and the possibility of money laundering.” The State Department said, while countries hope that the gaming industry, “says sales and employment”, some anti-money laundering and little supervision or control of the industry . “In the Caribbean, the industry is largely unregulated, with the exception of the Bahamas and the Grenadines, the State Department said. In his presentation under the 2006/2007 budget by Parliament on October 6 2006, Prime Minister Patrick Manning said casinos were illegal private members clubs should be the law and there would be no further expansion of the online gaming system in the country. Tome said the report JJ’s commitment to the fight against drug trafficking world is underscored by the fact that as a signatory to the Inter-American Convention against Corruption and the United Nations Convention against Corruption . The government of the United States in 1987, Prevention of Corruption Act of 2000 and integrity in public life as a law on two important elements of the legislation, rules and ethical responsibilities “for the country’s government staff. |