Search results
Results From The WOW.Com Content Network
In the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country". [5] As of November 2022, only three countries were on the FATF blacklist: North Korea, Iran, and ...
[8] In the February 2023 update, British Virgin Islands, Costa Rica, Marshall Islands and Russia were added and North Macedonia, Barbados, Jamaica and Uruguay were removed. [9] In the 2021 update, Dominica was added to the blacklist and Barbados was moved to the grey list, pending a supplementary review by the Global Forum. [10] [3]
The British Virgin Islands and the Cayman Islands were white listed by August 2009. [15] No G-20 country was on the greylist of non-implementers, prompting Luxembourg Prime Minister Jean-Claude Juncker to criticise it for failing to include various states of the USA which provide incorporation infrastructure indistinguishable from the tax ...
The OECD threatened to place the Cayman Islands and other financial centres on a "black list" and impose sanctions against them. [22] However, the Cayman Islands successfully avoided being placed on the OECD black list in 2000 by committing to regulatory reform to improve transparency and begin information exchange with OECD member countries ...
Cayman Islands. Like other British Overseas Territories, the Cayman Islands has become one of the more prominent tax havens. Despite a population of just over 59,600, more than 65,000 companies ...
In November 2009, Michael Foot, a former Bank of England official and Bahamas bank inspector, delivered an integrated report on the three British Crown Dependencies (Guernsey, Isle of Man and Jersey), and the six Overseas Territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Turks and Caicos Islands), "to identify ...
Marshall Islands: Country - Mauritius: Country - Monaco: Country - Christmas Island: Australian external territory - Palau: Country - Solomon Islands: Country - Svalbard and Jan Mayen: Unincorporated internal area of Norway: Portugal has signed an Agreement to Avoid Double Taxation with the country but the agreement does not include these ...
The foreign relations of the Cayman Islands are largely managed from the United Kingdom, as the islands remains one of 14 overseas territories under British jurisdiction and sovereignty. However, the Government of the Cayman Islands have autonomy and often resolves important issues with foreign governments alone, without intervention from Britain.