In 1999, the UK and US Government Treasuries both issued Advisories against the Nation of Antigua & Barbuda following weakening of its Money Laundering (Prevention) Act.

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

For decades shell companies and bank accounts in poorly regulated jurisdictions offered sufficiently strong solutions for the majority of international money launderers and tax evaders.

According to the CAFT/GAFIC Antigua & Barbuda Ministerial Report dated 23 June 2008 on Mutual Evaluation / Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, the Attorney General is the individual charged with the responsibility for coordinating requests from overseas regulators and enforcement agencies.

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.

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.

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.