The Turks and Caicos Authorities Are Hampering International Efforts to Fight Terrorism
Monday, May 14, 2007
To avoid the wrath of the United States, the Turks and Caicos authorities requested the International Monetary Fund (IMF) to assess its offshore financial sector. An IMF team conducted an assessment February 3-14, 2003. Since then, the Turks and Caicos authorities have sidelined any effort for its country to combat money laundering and the financing of terrorism. According to the IMF Country Report No. 05/24 (January 2005):
The full report can be read at by clicking here (pdf format)
In order to reduce this vulnerability on the shores of the United States, call your elected officials and tell them to act now.
However, despite obvious government efforts to meet international standards, chronic shortage of staff at all levels and lack of adequate powers have prevented effective regulatory enforcement in the Area of AML/CFT. Lack of compliance checking is a fundamental weakness in the regime for preventive measures. (pg. 7)
The full report can be read at by clicking here (pdf format)
In order to reduce this vulnerability on the shores of the United States, call your elected officials and tell them to act now.
