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UK spreads financial crime compliance to colonies
Chris Hamblin
Clearview Publishing
22 December 2014
A Joint Ministerial Council paper entitled "Progress on Implementation of Agreed Actions," completed by HM Government and dated 31 October 2014, seeks to extend the provisions of various anti-financial-crime treaties to the UK's overseas territories. These international treaties are to do with tackling corruption, bribery and the financing of terrorism and of organised crime (the United Nations Convention Against Corruption (UNCAC); the Organisation for Economic Control and Development's Anti Bribery Convention; the UN's Convention for the Suppression of the Financing of Terrorism (UNSFT); and the UN's Convention on Transnational Organised Crime (UNTOC)). UNTOC and UNSFT have been extended to Bermuda. The UK's Home Office is conducting a 'compliancy review' of transposition tables for UNSFT and UNTOC submitted by the Turks and Caicos Islands. The Home Office has provided comments to Anguilla on its compliance with its obligations under UNSFT and is working out whether Anguilla’s legislation fulfils its obligations under UNTOC. The Cayman Islands have declared that they are compliant with UNCAC in an independent consultant’s report, which nonetheless notes that there are some areas where further work is required. The Foreign and Commonwealth Office and the Department for International Development are consulting various parties "to see how this can be resolved," which suggests that they do not totally believe the islands' claims. A consultant’s report has identified areas where the Turks and Caicos Islands have not yet met the criteria for "extension to UNCAC and OECD Anti-Bribery." The Department for International Development is in the process of identifying a suitable consultant and will fund Montserrat's UNCAC and OECD Anti-Bribery 'compliancy review.' The Foreign and Commonwealth Office, meanwhile, is funding 2-day anti-bribery workshops to be held in Bermuda and the Turks and Caicos Islands in February 2015. The Ministry of Justice will organise them.