Prime Minister Gaston Browne, at the opening ceremony for the 50th Caribbean Financial Action Task Force (CFATF) plenary, advocated for the Task Force to assist small islands that lack the resources to implement Anti-Money Laundering (AML) and combating the Financing of Terrorism (CFT) recommendations.
Prime Minister Gaston Browne spoke persuasively to hundreds of delegates and dignitaries from across the Caribbean saying,
“Clearly, we have to make sure that we work together to deal with these ills but at the same time we have to protect the vulnerable countries, especially the small countries within the OECS sub-region. And we are talking about countries here with populations, in many instances, less than 100,000 people.”
“In many instances, we do not have to human or financial resources to carry out some of these recommendations but because we do not wish to be blacklisted, we have to utilise resources that ordinarily would have been programmed to other aspects of our social and economic development, in order to put the necessary rules in place and the administrative arrangements to ensure compliance,” Browne added
Browne recommended that the CFATF should fund the implementation of its policies saying, “I am of the view, too, that one of the areas that the CFATF needs to take up with the various stakeholders, to include the cooperating and supporting countries or nations, is that they must make money available for us to make these changes.”
Browne concluded that he is not advocating for non-compliance.