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World Money Laundering Report

First published on 14 December 2000 in World Money Laundering Report Volume 2 Number 9

Originally, we were going to put this item in Flip Side, but then we decided that it was so mad that it was serious.

In the beginning, an e-mail was sent from a woman working in a City law firm to one of her male pals.....

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First published in December 2000 in World Money Laundering Report Volume 2 Issue 9

First International Bank of Grenada (FIB) is dead, long live First Bank of Grenada. And along with it the International Deposit Indemnity Corporation (IDIC) which not only has its website at http://www.idic-ec.org/ functioning (complete with claim forms) but now announces that it has been acquired by a Ugandan corporation. This happens to - more or less - coincide with an announcement by Grenada's Finance Minister about the bank.

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First published in World Money Laundering Report - Volume 2, Number 9

EDITORIAL

The OECD is seemingly becoming more convinced than ever that its members have the right to dictate domestic fiscal policy to non-members and, increasingly, non-members are accepting what they appear to regard as inevitable.

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First published in World Money Laundering Report - Volume 2, Number 9

The question of tax avoidance was addressed by international charity Oxfam which In November 2000, published a "policy paper" which made liberal use of the phrase "tax competition." The paper argues that the "Financing for Development agenda" has a number of issues that relate to the funding of sustainable economic growth in developing countries. It claims that "two specific areas…are hampering that process - tax competition and tax havens and debt and liquidity issues." The paper alleges that "globalisation of capital markets has greatly increased the scope for offshore activity" and that "the equivalent of one-third of total GDP is now held in financial havens."

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From World Money Laundering Report Vol. 2 No. 2
First published 30 August 2000

First International Bank of Grenada, Offshore, World Investment Stock Exchange, International Deposit Indemnity Corporation

The offshore world is again under scrutiny after a series of financial services businesses registered or operating in Grenada have been connected to a bank which has been subject to considerable public criticism for over a year was finally subject to intervention by the authorities.

From World Money Laundering Report Vol. 2 No. 2
First published 30 August 2000

First International Bank of Grenada, Offshore, World Investment Stock Exchange, International Deposit Indemnity Corporation

The offshore world is again under scrutiny after a series of financial services businesses registered or operating in Grenada have been connected to a bank which has been subject to considerable public criticism for over a year was finally subject to intervention by the authorities.

Continued from Part 2

From World Money Laundering Report Vol. 2 No. 2
First published 30 August 2000

First International Bank of Grenada, Offshore, World Investment Stock Exchange, International Deposit Indemnity Corporation

The offshore world is again under scrutiny after a series of financial services businesses registered or operating in Grenada have been connected to a bank which has been subject to considerable public criticism for over a year was finally subject to intervention by the authorities.

Continued from Part 1

From World Money Laundering Report Vol. 2, No. 6
First published August 2000

First International Bank of Grenada, World Investors Stock Exchange and related matters in depth

(from the "Flip Side" Column
Dressing Down:
(1 March 2000)

So, Arthur Andersen have decided to abandon dress-down Fridays in favour of dress-down all the time.

From World Money Laundering Report Vol. 2 No. 1 published 22 January 2000

A selection of not-quite-so-serious stories.

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