Caribbean Workshop On Money Laundering

Published: Thursday, March 16, 2006 Online-Casinos.com

CARIBBEAN WORKSHOP ON FIGHTING MONEY LAUNDERING

Antigua the host for IMF teach-in for regulators

Regional regulators of online casinos and internet gambling operations are gathering in Antigua and Barbuda this week for a training workshop on combating money laundering.

The one-week workshop is being presented by the International Monetary Fund (IMF) in collaboration with the Financial Sector Reform and Strengthening (FIRST) Initiative, and the Office of National Drug and Money Laundering Control Policy (ONDCP).

According to Director of Gaming in the Financial Services Regulatory Commission, Kay McDonald, the workshop is intended to be highly interactive by providing a forum to review new international standards applicable to casinos and internet gaming entities and their regulators.

McDonald revealed that the event will also examine the principal vulnerabilities and money laundering risks in the sector.