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Parliament approves legislation outlawing terrorist organisations and confiscating assets
ST. GEORGE’S, Grenada, CMC – The Grenada parliament has approved an amendment to existing terrorism legislation so to confiscate the assets of anyone once the Attorney General is of the belief the asset was gain through terrorist activities. Previously, law enforcement authorities had to prove that the asset was directly link to a terrorist group or gain through the group.…
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Banks in T&T working with US to beat tax evasion
(Trinidad Express) Local banks are on track to being compliant with US tax legislation, the Foreign Account Tax Compliance Act (FATCA), by next year’s deadline, Bankers’ Association president David Dulal-Whiteway said yesterday. FATCA was enacted in the US Congress in 2010 and is part of that country’s effort to combat tax evasion by US citizens holding overseas investments. “US taxation…
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TT government questions France decision to blacklist CARICOM country
PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago government is questioning the decision by France to blacklist the oil-rich twin island republic over claims that Port of Spain does not help investigate foreign aid fraud. Paris this week announced that Trinidad and Tobago and Dominica were the only two Caribbean Community (CARICOM) countries included in the list of…
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France blacklists T&T, Dominica for not probing foreign aid fraud
GEORGETOWN, Guyana – France has drawn up a blacklist of 17 countries including Trinidad and Tobago and Dominica for not investigating foreign aid fraud, banning the use of their banks in the distribution of development funds. Agence France-Presse (AFP) yesterday reported that in addition to the Caribbean countries, Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Liberia and Vanuatu…
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CDB reviews development challenges
GEORGETOWN, Guyana – The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both Prime Minister Kenny Anthony, as host Chairman of the meeting…
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US-China and CARICOM ties
PORT OF SPAIN, Trinidad – TRINIDAD and Tobago’s importance to the two most economically powerful countries of the world is being fully displayed this week by virtual back-to-back official visits, first by US Vice-President, Joseph Biden, then by the People’s Republic of China’s President, Xi Jingping. For those revealing political innocence about these carefully choreographed visits to a small island…
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Dominica PM says island will soon join Caribbean Court of Justice
ROSEAU, Dominica, CMC – Dominica will send a letter to the British government next week seeking permission to recognise the Trinidad-based Caribbean Court of Justice (CCJ) as its final court, replacing the London-based privy Council, Prime Minister Roosevelt Skerrit has said. “Once we satisfy the Constitutional requirements we will go forward. We had delayed it to allow for consultations as…
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New government named as former premier joins
PPM GEORGE TOWN, Cayman Islands, CMC – Leader of the People’s Progressive Movement (PPM) Alden McLaughlin has been appointed premier of this British Overseas Territory one week after the party won the most seats in the general election. McLaughlin needed the support of at least 10 legislators before he could have been appointed head of the government and Governor Duncan…
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