Moreover, economic activity in East Asia has decelerated somewhat, due partly to the slower growth of domestic demand in South Korea and the epidemic of severe acute respiratory syndrome (SARS). In this situation, both exports and industrial production are projected to remain virtually flat for the time being.
While the developed countries have been diligent in updating their legislative and regulatory frameworks to deal with money laundering (particularly after 9/11), the developing countries, Trinidad and Tobago included, have been slow in enhancing their frameworks, in so doing, creating another source of vulnerability.