Let me tell you that this would go to an equally nasty piece of work alleging that a senior member of the political establishment and one family member are involved in money laundering. Now all these crossed my desk in the last four weeks.
Credit unions are also supervised by the Central Bank of Trinidad and Tobago and in Jamaica, by the Bank of Jamaica. This is not the case in Barbados. Despite the variance across the region, regulatory arbitrage has been minimized as all sectoral supervisors benchmark against international banking, securities, insurance and credit union standards and principles.