The findings of a Caribbean-wide survey reveal that the severing of correspondent banking relationships, or ’de-risking’, is having a severe impact on the Caribbean region, leaving many businesses and individuals cut off from their money and making it difficult for new businesses to establish operations. This was shared at a recent meeting of the Financial Stability Board (FSB) in Tokyo by Central Bank of Barbados Governor, Dr. DeLisle Worrell.
During March 21 to 24, 2016, the Financial Intelligence Unit of Barbados, in coordination with the CFATF Secretariat conducted 2 training workshops on the FATF Standards and the Mutual Evaluation Process, in preparation for the upcoming mutual evaluation of Barbados carded for December 2016.
Comment from Central Bank of Barbados on OECD (2013) Report Addressing Base Erosion and Profit Shifting, OECD Publishing
OECD Report Addressing Base Erosion and Profit Shifting
Office of the Attorney-General
Jones Building, Webster’s Business Park, Wildey,
St. Michael.
Barbados
Tel No: (246) 621-0110
Fax: (246) 228-5433
