| Description |
1 online resource |
| Contents |
Cover; Half Title; Title Page; Copyright Page; Dedication; Table of Contents; List of illustrations; Foreword; Preface; Acknowledgement; Island compliance risk; Introduction: Connecting the dots; Mission possible; Cut and thrust of competition; How is it possible?; Tarnish and feather: the movie; Here or there?; Size does not matter; Fiscal choices; Derisking; Setting the field of play; So, what next?; Notes; References; 1. Relieving congestion one tissue at a time; Prologue; Onshore and offshore obstipations; Commercial evolution; Self governance vs. selfishness |
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Anti-money laundering policy diffusionDiscourse of course; Unlocking the paradoxes; Professional devils; Banking outcomes and the (in) sufficiency of compliance systems; Notes; References; 2. Borderless money and high sovereign stakes; Prologue; The original planting; Words and power; Mirror formations; Pressure points to OFCs; State autonomy and the structural powers; Legitimacy and legality; Acts of the transnationals; Statehood model; Notes; References; 3. Unmasking the darkness; Prologue; So what the heck is it?; Practical money laundering; Multi-coloured laundry; Once upon a time |
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Financing acts of terrorEvil money and the economy; The criminal and work; Fanning the; Crime cartels and institutional corruption; Walking the talk; Notes; References; 4. Ruling the darkness; Prologue; Control framework; Understanding what we do not know; Prison break; The bare bones of compliance; Regulatory change; Regulatory compliance and legitimacy; Regulatory compliance and anomie; Conclusion; Notes; References; 5. Working a hunch; Prologue; Life without rules; More of Merton (1938); Integrating Blau (1964); Valuing offshore; The ties that bind; Asserting myself; Notes; References |
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6. The eyes have itPrologue; Where am I headed?; Eye of the eagle; What I found; Mapping Durkheim (1951); Enter Merton (1938); Hawk-eye; What I found; Discussion; Falcon Crest; What I found; Discussion; Pelican brief; Birds of a feather; Conclusion; Notes; References; 7. Casing the joint; Prologue; Bank of Credit and Commerce International 1991; Bank of New York Mellon Corporation Case 1998; Citibank 1998; First International Bank of Grenada 2001; Notes; References; 8. More joint pains; Prologue; Riggs National Corporation and Riggs Bank (USA) 2004 |
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Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC (BMIS) 2008LIBOR Rigging 2012; Notes; References; 9. Whodunit and other tales of the bored; Prologue; Uncovering the plot; The plot thickens; The evil alternative; Double agents; Second line of defence; Compliance officer -- agent triple X; Notes; References; 10. Island risk exposure (IRIE) mitigation; Epilogue; What brought me here?; Evil money risk: governing the threat; Relieving congestion; Agency risk management; Jurisdictional risk management; References; Index |
| Summary |
Kirk Harrison Taitt examines the threat money laundering and terrorist financing pose to Caribbean island nations involved in international financial services, the role of compliance regimes in averting sanctions and the future of these nations at the table of global capital. He addresses and, indeed, positions island nations in a strategic space outside the global clamour, unceasing debate and severe criticism over their bona-fides/qualifications to engage in the trillion-dollar industry of offshore finance, alongside their G20 nemeses. He asserts a high ground (ethical) approach as essential to counteracting potential reputational harm. Throughout the book, Taitt weaves a governance, risk and compliance (GRC) thread in order to speak directly to practitioners and to demonstrate how a strong GRC paradigm at the jurisdictional and institutional levels could be leveraged for competitive advantage. Among the key recommendations outlined in his IRIE Mitigation Matrix are: effective regulatory governance of the jurisdiction's financial system by ensuring conformance with international standards, the deployment of sufficient resources to adequately supervise financial institutions and the promotion of values-based decision-making amongst corporate financial managers and leaders. He also recommends on-going engagement of the wider civil society to ensure present and future generations of the Caribbean island financial centre (IFC) workforce appreciate the value of personal moral excellence in business and its inextricable link to sustainable development of the IFC sector |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on print version record |
| Subject |
Money laundering -- Government policy -- Caribbean Area
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Banks and banking -- State supervision -- Caribbean Area
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Financial institutions -- State supervision -- Caribbean Area
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SOCIAL SCIENCE -- Criminology.
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BUSINESS & ECONOMICS -- General.
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Banks and banking -- State supervision.
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Financial institutions -- State supervision.
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Caribbean Area.
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| Form |
Electronic book
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| LC no. |
2019718467 |
| ISBN |
9781317112037 |
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1317112032 |
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9781317112020 |
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1317112024 |
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1317112016 |
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9781315590103 |
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9781317112013 |
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1315590107 |
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