Turks and Caicos Islands: Havens for Terrorists, Drug Traffickers and Organized Crime?
Sunday, May 13, 2007
According to the CIA-The World Factbook,
In October 21, 1999, Senator Charles Schumer (D-NY) understood the potential threat to the United States national security from countries that provide offshore financial services. Therefore, he decided to act swiftly because offshore financial activities are havens for terrorists, drug traffickers and organized crime to hide billions of dollars. Please read Senator Schumer's press release by clicking here.
The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the 175,000 visitors that arrived in 2004. Major sources of government revenue also include fees from offshore financial activities and customs receipts.
In October 21, 1999, Senator Charles Schumer (D-NY) understood the potential threat to the United States national security from countries that provide offshore financial services. Therefore, he decided to act swiftly because offshore financial activities are havens for terrorists, drug traffickers and organized crime to hide billions of dollars. Please read Senator Schumer's press release by clicking here.
