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Articles on Black Listing of The Bahamas by the FATF and OECD |
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Jan 15, 2010 at 02:30 AM |
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G-2-0 AND OFFSHORE FINANCIAL CENTRES: FREE TRADE OR PROTECTIONIST ATTACK BY G-20 MEMBER ON-SHORE FINANCIAL CENTRES? - A CALL FOR REFORM OF GLOBAL REGULATION OF ANTI-MONEY LAUNDERING AND TERRORIST FINANCING"
ALFRED M. SEARS, ESQ.
MANAGING PARTNER OF SEARS & CO. AND FORMER ATTORNEY GENERAL OF THE BAHAMAS AND CHAIRMAN OF THE CARIBBEAN FINANCIAL ACTION TASK FORCE (CFATF)
PART 1
These twelve (12) articles are intended to encourage public conversation about the appropriateness of having ad-hoc organizations, such as the FATF and the OECD/Financial Stability Board, which are controlled by G-20 member countries with competing onshore financial centres to protect, make the rules on anti-money laundering and terrorist financing and apply punitive countermeasures against competing offshore financial centres. Most of the offshore financial centres, which were black listed in 2000 by the FATF, OECD/Financial Stability Board and the United States, are once again under assault. The Bahamas' financial services sector is once again facing a clear and present danger when in April 2009 it was grey listed by the OECD/Financial Stability Board, an organization in which The Bahamas is neither a member nor has a vote. Using The Bahamas as a case study, I will examine the response of offshore financial centres to the punitive counter-measures taken against them by of these ad-hoc organizations. I will conclude by making a number of recommendations to ensure equality of treatment between offshore financial centres and onshore financial centres and provide a more legitimate and effective global regulatory framework to fight money laundering and the financing of terrorism.
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Last Updated ( Jan 15, 2010 at 02:30 AM )
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Nov 19, 2005 at 07:52 AM |
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 In 2002 you entrust me with your representation when you elected me to the Honorable House of Assembly. As promised, I have been your voice and brought Governent to you.
During my tenure as your member of parliment, I am proud to say that together we have had numerous positive achivement, which in my opinion has been for the betterment of all of the constituents in Fort Charlotte:
- The Establishment of the communicty Center
- After School Programs
- Remedial Classes
- BJC Classes
- BGCSE Classes
- Summer School Programs
- Adult Computer Clasess
- Legal Aid Clinics
- The Community Band
- The Construction of T.G. Glover Primary School ( In Progress)
- Engineer of the sewer system in Pepall's Track
All of the programs at the community center are free of charge, and conducted by volunteers who gave of their time and talent unselfishly and tirelessly.
I am again offering myself to serve on your behalf in the up coming General Election and ask for your support. Over the next several weeks and months, I will be visiting you to discuss your concerns. I will also be happy to listen to any concerns and suggestions that you may have.
I wish to thank you for your support over the past years & look forward to another opportunity to serve you.
Alfred Sears, PLP
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Last Updated ( Apr 09, 2007 at 08:13 AM )
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