correspondent banking
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CARICOM wants inter-governmental tax body to set standards, rules
CARICOM Heads of Government have reiterated the call for the creation of an “appropriate intergovernmental tax body with the adequate means and powers to set standards and rules” which support an equitable and universal approach to an international tax governance infrastructure. The call was made Wednesday against the background of the blacklisting of countries by the European Union (EU). The strategy…
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CDB funds project to prevent loss of correspondent banking relationships
March 17, 2017, BRIDGETOWN, Barbados – The Board of Directors of the Caribbean Development Bank (CDB) has approved funding of US$250,000 to strengthen financial transparency, and assist in preventing the loss of correspondent banking relationships (CBRs) in the Region. In the Caribbean, CBRs facilitate a number of payment systems, including international trade, cross-border payments and receiving of remittances. Recently, some…
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CARICOM Deepens Regional Partnerships to Address De-risking
ST. JOHN’S, Antigua, Saturday September 17, 2016 – The Caribbean Community (CARICOM) has deepened its partnerships within the region in order to strengthen its efforts to address the withdrawal of correspondent banking services from some regional institutions. Prime Minister of Antigua and Barbuda Gaston Browne, who is leading CARICOM’s advocacy on the matter, recently met with the heads of the Caribbean…
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