Minister of Legal Affairs and current Chairman-in-office of the Caribbean Financial Action Task Force (CFATF) Basil Williams, SC, visited the office of the CFATF Secretariat located in Port of Spain Trinidad on 13 March, 2018 where he met with the Executive Director, Ms. Dawne Spicer, Deputy Executive Director, Carlos Acosta and staff of the Secretariat. The Chairman expressed his pleasure at being able to incorporate the visit to the Secretariat following his representation in a matter on behalf of the State of Guyana at the Caribbean Court of Justice.
During the visit the Chairman engaged the Secretariat staff on the vision of the CFATF and commended the hard work of the Secretariat in fostering regional implementation of countermeasures to address Money Laundering, Terrorist Financing and the Financing of the Proliferation of Weapons of Mass Destruction.
Williams further noted ‘many of our regional economies have been deflected by the underground economy being the proceeds of crime from the five wars of globalization – trafficking in persons, trafficking in narcotics, trafficking in weapons, money laundering and terrorist financing’. He noted efficient work done by the Secretariat staff and to re-double efforts to assist CFATF Members.
WIlliams will preside over the upcoming CFATF Plenary in Trinidad and Tobago during the period May 27-31, 2018. At this time, he will spearhead the ongoing anti-money laundering and countering the financing of terrorism work of CFATF’s twenty-five Member countries.