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INTERNATIONAL BUSINESS; U.S. Warns on Antigua Money Laundering |
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Written by angeles bobrik
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Monday, 09 April 2007 |
US Treasury Department warns banks to be especially careful of financial transactions routed through Antigua and Barbuda, saying changes in Caribbean nation's law 'threaten to create a haven for money laundering'; Prime Min Lester Bird says his Government has set up committee to propose changes in law to satisfy American concerns; James E Johnson, Under Sec for Enforcement, says money-laundering enforcement is watched by narcotics traffickers; adds that banking laws that make it easier for trafficker to do business with hard-to-trace money are bane of law enforcement (M)...
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Last Updated ( Friday, 19 October 2007 )
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