Caribbean & Central America - February 2009 (ISSN 1741-4458)

Allegations by the US Securities and Exchange Commission (SEC) that Antiguan billionaire philanthropist Sir Allen Stanford had committed “fraud of a shocking magnitude" leaves Antigua & Barbuda at the centre of a fresh global banking scandal, which will likely raise very uncomfortable questions about the island's local financial sector and the extent of the authorities' links with Stanford. In the 2008 campaign, US President Barack Obama called for tighter regulation of offshore financial and services, many of which are located in the Caribbean.

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