#BTColumn – It boggles the mind
Article by May 15, 2021
Disclaimer: The views and opinions expressed by this author are their own and do not represent the official position of the Barbados Today Inc.
by
Guy Hewitt
In the past, approximately 60 per cent of corporate tax revenue earned came from the International Business and Financial Services (IBFS) sector. The tax revenues, paid in US dollars, and the employment generated for local lawyers, accountants, corporate secretaries, finance and IT professionals and the like, made the sector an important pillar of our economy. It has been one of the few bright sparks during this COVID-19 pandemic.
UK places Barbados on new list citing money laundering concerns
Article by May 13, 2021
Bridgetown has been placed on yet another list coming out of Europe, at a time when the country is awaiting the removal of its name from another.
Barbados is one of three Caribbean countries to be placed on the United Kingdom’s list of “high-risk third countries” when it comes to money laundering and terrorist financing.
This comes even as UK officials acknowledged that authorities in Bridgetown have made efforts over the past few years to strengthen anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.