ANTIGUA AND BARBUDA ELECTED DEPUTY CHAIR OF THE CATF

On the 17th October 2002, Antigua and Barbuda was unanimously elected as the Deputy Chair of the Caribbean Action Task Force (CATF) at a meeting in The Bahamas.

Sir Ronald Sanders, Antigua and Barbuda’s Chief Negotiator on Financial Services, assumed the post in a ceremony in Nassau, The Bahamian Capital.

The CATF is a regional organization of over 30 countries from the Caribbean and Latin America. It is responsible for ensuring that its members comply with international standards and practices for combating money laundering and terrorism financing.

Sir Ronald said that Antigua and Barbuda’s election to this prestigious regional post “indicates the high regard with which the government of Antigua and Barbuda is held by the international community in the struggle against money laundering.

The Antigua and Barbuda diplomat high praised the efforts of the Office of the National Drug and Money Laundering Control Policy (ONDCP) led by his colleague, Mr. Wrenford Ferrance.

In his remarks at the election, Sir Ronald said, “Antigua and Barbuda is firmly resolved to play our part in ensuring the security of our region, our hemisphere and the international community against the abhorrent adventures of terrorists, drug traffickers and Money Launderers.”

The Convention in the CATF for office holders means that having been elected as Deputy Chair, this year, Antigua and Barbuda will assume the Chairmanship of the Organisation in October next year.