One of the initiatives was a roadshow conducted during the last quarter of 2017, when a team from the Central Bank and Financial Services Authority visited several Financial centres in Europe and the United States - particularly in London, Frankfurt, Zurich, Madrid, Paris and New York.
While the main aim was to better understand the de-risking issue, and inform the international community about efforts being undertaken to strengthen the effectiveness of the AML/CFT regimes in the jurisdiction, the visits also provided the opportunity for us to better appreciate the concerns that correspondent banks and regulators have regarding the jurisdiction.