used as a transshipment point for Latin American cocaine destined for Western Europe, particularly because of Lusophone links to Brazil, Portugal, and Guinea-Bissau; has taken steps to deter drug money laundering, including a 2002 anti-money laundering reform that criminalizes laundering the proceeds of narcotics trafficking and other crimes and the establishment in 2008 of a Financial Intelligence Unit (2008)
page last updated on November 11, 2009
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@Cayman Islands (Central America and Caribbean)
Introduction ::Cayman Islands
Background:
The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies. When the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency.
Geography ::Cayman Islands
Location:
Caribbean, three-island group (Grand Cayman, Cayman Brac, Little Cayman) in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica