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CARICOM caution on Panama Papers

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Posted: Monday, April 11, 2016. 11:49 am CST.

By BBN Staff: The Caribbean Community (CARICOM) has issued a caution about the Panama Papers and subsequent labels being attached to financial service centres in its member states. CARICOM

CARICOM is deeply concerned about the resurgence of the “tax havens” designation saying that the quote “loose attribution of this label ignores the reality that the regulation of this sector in CARICOM is fully compliant with international standards.” End quote.

CARICOM’s release says quote “As more disclosures unfold with respect to the leak of these financial records, CARICOM urges caution by those making the leap towards moral indignation and the unjust labelling of the financial services centres in the Community, which have taken all necessary steps to ensure compliance with international regulations and standards.” End quote.

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