The role of the regulator in combating financial crimes – a Caribbean perspective

Abstract

Purpose

The purpose of this paper is to examine the evolving role of financial sector regulators in the global effort to combat financial crimes. In particular, it seeks to address the factors that shaped the role of Caribbean regulators in this effort.

Design/methodology/approach

Case studies, secondary research and analyses of international requirements and domestic legislation.

Findings

Financial sector regulators in the Caribbean face numerous challenges endemic to small economies in meeting international expectations in relation to the fight financial crimes. This is particularly true of states that rely on the provision of off‐shore financial services as the economic mainstay. In spite of this, the region has made significant strides in addressing global demands.

Originality/value

This paper offers a perspective from the Caribbean region. It should be of interest to regulators and practicing lawyers.

Citation

Pusey, I. (2007), "The role of the regulator in combating financial crimes – a Caribbean perspective", Journal of Financial Crime, Vol. 14 No. 3, pp. 299-319. https://doi.org/10.1108/13590790710758503