Another name now looks like being added to the growing list of banks that have moved to protect their brands and their own institutions by de-risking.

Yet again the Government of Antigua & Barbuda is reaching new frontiers of disrepute.

Yet again another financial institution finds itself under the spotlight in Antigua & Barbuda.

Despite the protestations from Dr. Errol Cort, personal attorney for R. Allen Stanford on Antigua, former Attorney General and former Finance Minister of Antigua and Barbuda, former World Bank signatory, current unseated representative and present Minister of National Security, the latest Financial Regulator in Antigua has been summarily sacked.

According to various reports, published in the Antiguan press during the last six weeks, Finance and Economy Minister Harold Lovell has made several announcements that contradict the facts in evidence.

International banks are quietly leaving the Caribbean sinking Ship of State.

Another senior, long-standing international banking brand is abandoning Antigua.

According to the website of the Antigua & Barbuda Government High Commission in London, Antigua's attractions for investment include a robust ICT infrastructure and strong investor protection, safety and security.

When Verity (not her real name) retired she had simple dreams of living in the sun, caring for animals and putting something back into society.

Until the Bank of New York scandal erupted in 1999 international correspondent banking had not been fully acknowledged as a high risk area, specifically prone to money laundering.

Once a rabid dog tastes blood, it is only a short matter of time before it bites again. The initial victim of expropriation was the flagship Half Moon Bay Resort, located on what the Travel Magazine consistently lists as one of the top four beaches in the world, developed and owned by US investors for over thirty five years.

De-Risking in Jeopardy 3 concluded at the stage when the Canadian Imperial Bank of Commerce (CIBC) had reached an agreement with the Gilinski Group, Colombia, to purchase FirstCaribbean International Bank Limited for US $797 million.