CARICOM SG seeks Sweden’s help on blacklisting

Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque has urged Sweden to use its position in two major international organisations to highlight the “unfair labelling” of some of the Community’s Member States as “non-cooperative tax jurisdictions”.

Speaking at the CARICOM Secretariat’s Turkeyen, Guyana headquarters during the accreditation ceremony of Sweden’s news Ambassador to the Community, Elisabeth Eklund the Secretary-General said, “as we seek to diversify our economies and build our services sector, some of our Member States, engaged in financial services, have been labelled as `non-cooperative tax jurisdictions’. This is despite the fact that the countries in question are not so designated by the relevant global authorities, such as the Financial Action Task Force and the OECD Global Forum.”

“As a member of the EU and the OECD, Sweden can assist in encouraging these bodies to be guided by the informed position of the relevant global regulatory authorities and desist from their unnecessary seemingly punitive actions,” he added, according to a release from the CARICOM Secretariat.

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