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This book explains the consequences of global policy initiatives against money laundering, terrorist financing, and tax evasion on financial centres located in offshore jurisdictions in the Caribbean region. Adding to the existing literature by detailing international policy initiatives against money laundering and tax evasion from the early 1920s to date, this book examines the factors that have contributed to their gradual development over time, their role in contributing to money laundering, terrorist financing, and tax evasion, the international policy initiatives that came about to address these financial crimes, as well as the consequences of these policy initiatives on the legislative systems, institutions, offshore business sectors, and economies of these financial centres.
List of contents
1.Introduction.- 2.Offshore Financial Centres in the Caribbean.- 3.The Problems and Dimensions of Money Laundering and Terrorist Financing.- 4.The Problems and Dimensions of Tax Evasion.- 5.The International Solution to Money Laundering and Terrorist Financing.- 6.The International Solution to Tax Evasion.- 7.The Impact of International Policy Initiatives Against Money Laundering and Terrorist Financing on the Legislative Systems and Institutions of Offshore Financial Centers in the Caribbean.- 8.The Impact of International Policy Initiatives Against Tax Evasion on the Legislative Systems and Institutions of Offshore Financial Centers in the Caribbean.- 9.The Consequences of Global Policy Initiatives Against Money Laundering, Terrorist Financing and Tax Evasion on Financial Centres in the Caribbean.
About the author
Aretha Campbell has worked in the offshore financial services industry for the past 16 years and is a recent PhD graduate from the University of Salamanca, Spain in the area of Rule of Law and Global Governance. Her research interests center on financial global governance, transnational policy organizations, money laundering, terrorist financing, tax evasion, and offshore financial centres (OFCs) with a specific focus on the Caribbean region. She aims to find ways to mitigate the risks associated with money laundering, terrorist financing, and tax evasion in the Caribbean region, and to identify alternative means to further develop the offshore financial services industry with a view to strengthening their local economies. She is an adjunct course coordinator at the University of the West Indies Open Campus and an affiliated postdoctoral researcher at the University of Antwerp.
Report
"The book explores the efforts of various international bodies and the U.S. to set standards and create solutions ... . This book will be valuable for anyone interested in the recent history of offshore finance, as well as the governmental and legal structures of the jurisdictions under consideration and the different sectors of the financial economies in each." (Bill Maurer, New West Indian Guide, Vol. 97 (3-4), 2023)
