CaribPR Wire

MONTREAL, Jan. 15, 2024 /PRNewswire-HISPANIC PR WIRE/– Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the opening of its new office in Trinidad, Port of Spain. This is Equisoft’s tenth international office and marks an exciting milestone for the company as it celebrates its 30^th anniversary.

This expansion reinforces the company’s position as a pioneer in digital transformation solutions for the financial services industry. Equisoft has been a major technology provider to insurers in the Caribbean since 2012. Equisoft’s work with close to twenty insurers in the region created the need for the new office to get closer to the market and customers and to address surging demands in the Caribbean.

This office location will provide optimal service to Equisoft’s current customers and position them to effectively meet the growing demand in the Caribbean.

“As we celebrate Equisoft’s 30^th anniversary, the opening of our new office in Port of Spain, Trinidad, stands as a testament to our commitment to innovation and client satisfaction. This expansion is a milestone for us and underscores our dedication to meeting the evolving needs of our clients and the industry” said Ruben Veerasamy, Equisoft Senior Vice President, Caribbean.

The new office is located at 11-13 Victoria Avenue, 2nd. Floor, Port of Spain, Trinidad.

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Europe, Africa, Asia and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

Photo - https://mma.prnewswire.com/media/2317453/Equisoft_Inc__Equisoft_s_Global_Presence_Expands_with_the_Openin.jpg

BPO Veteran Bolsters Leadership Team to Help Drive Growth in the Region

ibex Names Nicola James as Vice President of Operations in Jamaica

Nicola James VP of Operations, ibex Jamaica press release graphic

CARIBPR WIRE, KINGSTON, Jamaica, Aug. 16, 2023: ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and customer engagement technology solutions, today announced that Nicola James has been appointed Vice President, Operations, of ibex in Jamaica.

As a highly accomplished and versatile BPO leader, Nicola brings to ibex Jamaica a proven track record of delivering exceptional results in management and customer service across diverse industries and multiple geographies. With over 18 years in the BPO sector, she has amassed a wealth of experience and expertise in driving operational excellence and exceeding client objectives. She will report directly to Tamara Ricketts-Brown, Senior Vice President, Jamaica Country Manager at ibex.

“We are pleased to have Nicola as part of ibex Jamaica,” said Ricketts-Brown. “Throughout her career, she has demonstrated a strong commitment to leadership, fostering a culture of innovation, and adapting quickly to dynamic business environments. Her ability to motivate and inspire teams, leading them to achieve outstanding outcomes will make her a valuable addition to our organization.”

Prior to joining ibex, James was Director of Operations at Itel, and before that, a Senior Account Manager with Sutherland Global Services. Previously, James was an SBU manager at ACS, a Xerox company. James received her tertiary level qualifications from Montego Bay Community College and the University of Technology.

“I am delighted to be part of the ibex team and drive operations as we grow in Jamaica,” said James. “ibex is known for creating an employee experience that in turn enables many of the world’s leading brands to provide the best experience for their customers. I’m excited to take on this new opportunity and aim to deliver excellence in all that I do at ibex.”

About ibex
ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage, and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of 31 operations facilities around the world, while deploying next-generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

ibex leverages its diverse global team of over 30,000 employees together with industry-leading technology, including its Wave X platform, to manage nearly 200 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

A photo accompanying this announcement is available HERE

ibex nombra a Nicola James vicepresidenta de operaciones en Jamaica

Líder experimentada de BPO fortalece el equipo de liderazgo para ayudar a impulsar el crecimiento en la región

CARIBPR WIRE, KINGSTON, Jamaica, Aug. 16, 2023:  – ibex (NASDAQ: IBEX), un proveedor líder mundial de outsourcing de procesos empresariales (BPO) y soluciones de tecnología de participación del cliente, anunció hoy que Nicola James fue nombrada vicepresidenta de operaciones de ibex en Jamaica.

Como líder de BPO altamente competente y versátil, Nicola trae a ibex Jamaica una trayectoria comprobada en obtener resultados excepcionales en gestión y servicio al cliente en diversos sectores y varias regiones geográficas. Con más de 18 años en el sector de BPO, Nicola acumuló una vasta experiencia y conocimientos para impulsar la excelencia operativa y superar los objetivos del cliente. Se reportará directamente a Tamara Ricketts-Brown, vicepresidenta sénior, gerente de país de Jamaica en ibex.

“Nos complace tener a Nicola como parte de ibex Jamaica”, dijo Ricketts-Brown. “Durante su carrera, demostró un fuerte compromiso con el liderazgo, fomentando una cultura de innovación y adaptándose rápidamente a entornos empresariales dinámicos. Su capacidad para motivar e inspirar a los equipos, llevándolos a lograr resultados sobresalientes, la convertirá en una valiosa adición para nuestra organización”.

Anteriormente de unirse a ibex, Nicola fue directora de operaciones en Itel y, antes de eso, gerente sénior de cuentas en Sutherland Global Services. Anteriormente, Nicola fue gerente de SBU en ACS, una empresa de Xerox. Nicola obtuvo sus calificaciones de nivel terciario de Montego Bay Community College y University of Technology.

“Estoy muy contenga de ser parte del equipo de ibex e impulsar las operaciones mientras crecemos en Jamaica”, dijo Nicola James. “ibex es conocida por crear una experiencia para los empleados que a su vez permite a muchas de las marcas líderes mundiales ofrecer la mejor experiencia a sus clientes. Estoy muy entusiasmada de emprender esta nueva oportunidad y aspiro ofrecer excelencia en todo lo que hago en ibex”.

Acerca de ibex
ibex ofrece servicios de outsourcing de procesos empresariales (BPO) innovadores, marketing digital inteligente, tecnología de adquisición en línea y soluciones de participación del cliente de extremo a extremo para ayudar a las empresas en la adquisición, participación y retención de clientes valiosos. Hoy, ibex opera un modelo de centro de entrega de experiencia del cliente (CX) global que consiste en 31 instalaciones de operaciones en todo el mundo, al mismo tiempo que implementa tecnología de última generación para promover experiencias superiores para el cliente para muchas de las empresas líderes mundiales en los sectores minorista, comercio electrónico, atención médica, tecnología financiera (fintech), servicios públicos y logística.

ibex aprovecha su diverso equipo global de más de 30.000 empleados junto con tecnología líder en el sector, incluyendo su plataforma Wave X, para la gestión de cerca de 200 millones de interacciones críticas con clientes, añadiendo más de $2.2 mil millones en ingresos vitalicios de clientes cada año e impulsando una experiencia de cliente verdaderamente diferenciada. Para más información, visite nuestro sitio web ibex.co y conéctese con nosotros en LinkedIn.

Una foto asociada con este comunicado de prensa está disponible en https://bit.ly/3s4U3sf

CaribPR Wire, NEW YORK, NY, Mon. July 3, 2023: Structuralia, a leader in specialised online education for engineers, in collaboration with the Organization of American States (OAS), is proud to announce the opening of 100 new partial postgraduate scholarships covering 50% of the tuition fee of the selected online master’s degree.

The main purpose of this initiative is to facilitate access to high-quality education and academic excellence for professionals and students from Latin America and the Caribbean interested in expanding their knowledge and skills in areas such as civil engineering; industry, energy, and environment; architecture and building; leadership and management; and digital transformation.

The selection process of the beneficiaries is rigorously carried out, taking into account the ideal profile of the candidates for the chosen master’s degree, the fulfilment of the requirements (being resident in an OAS member country and writing a motivation letter) and the submission of the necessary documentation with their application (copy of identity card, CV/resume and university degree).

The application period for the postgraduate scholarships is open until July 14th, 2023. Those interested can obtain more information on everything related to these scholarships on this website: becasoea.structuralia.com or https://oasscholarships.structuralia.com/.

EDITOR’S NOTE: An image for use with this article is available HERE

MIAMI, June 23, 2023 /PRNewswire-HISPANIC PR WIRE/ — Today, pilots at Amerijet, represented by the Airline Pilots Association (ALPA), voted in favor of a new Collective Bargaining Agreement (CBA). The vote comes after Amerijet’s leadership team and ALPA agreed to the terms, which include new pay rates and work rules that would increase schedule flexibility.

“I want to thank the negotiating teams and ALPA for their efforts in reaching this agreement that recognizes our pilots’ contributions,” said Amerijet’s CEO, Tim Strauss. “The union agreement will provide job security for our pilots and allows us to focus on the future with our vision to be the go-to-world-class cargo carrier of choice.”

“This new contract reiterates what many of us have known for decades, Amerijet is a great place to work and spend a career as a pilot,” added Amerijet’s Chief Pilot, Mike Meyer.

Amerijet has rapidly grown its fleet during the past three years and now operates a fleet of 24 Boeing 757 and 767 cargo jets as it expands its scheduled service and subcontracted flights to Europe and Asia.

About Amerijet:

With almost 50 years of experience in the air cargo industry, Amerijet operates its dedicated fleet of freighters from its primary hub at the Miami International Airport to destinations throughout the Caribbean, Mexico, Central America, South America and Europe. Amerijet’s portfolio of worldwide scheduled, long–term and short–term ACMI and CMI charter services provide seamless and transparent transportation solutions for customers shipping time-sensitive, valuable, hazardous material, temperature-controlled, and other commodity types.

More about Amerijet can be accessed at www.amerijet.com.

Photo - https://mma.prnewswire.com/media/2129630/Amerijet_International_Airlines_Plane.jpg

This agreement will focus on enabling intra and inter regional payments and expanding financial inclusion in the Caribbean.

CARIBPR WIRE, Miami, Florida, Mon. June 12th, 2023 – Mastercard, a global technology company in the payments industry, has announced the signing of a Memorandum of Understanding (MoU) with the Caribbean Association of Banks Inc (CAB), the representative body and recognized voice for banks and other financial institutions in the Caribbean.

The partnership’s central objective is to enable cross-border payments across all CAB member jurisdictions, as a powerful tool to tend to the region’s unbanked and underbanked populations and bolster financial inclusion and economic growth. As part of its commitment, Mastercard will activate its technology, resources, and expertise to help banks successfully integrate this innovative solution into their product offerings, as well as share its knowledge and educational platforms to raise awareness among citizens and small business owners on the benefits of this service and other digital financial tools that can help them reach their fullest potential and improve their living standards.

Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico), said “We are thrilled to enter into this partnership with the Caribbean Association of Banks Inc, which will drive the region’s digitalization and offer customers across various sectors, including consumers, SMEs, government agencies, B2B, and commercial entities, a safer, easier, and more convenient way of transferring money across borders. The knowledge and data we will leverage from this collaboration will enable us to advance financial inclusion and stimulate economic growth in the Caribbean region.”

Mastercard Cross-Border Services help banks modernize and optimize their global payments business to deliver an experience for people and businesses that is secure, seamless, and certain. Ultimately, the collaboration between Mastercard and the Caribbean Association of Banks Inc will provide unbanked and underbanked populations in the English Caribbean access to modern financial services, allowing them to enjoy the benefits of the digital economy and providing them with priceless payment experiences.

“I am profoundly satisfied at the successful execution of this Memorandum of Understanding. Cognizant of the immense challenges faced by the region, concerning intra and inter regional payments, primarily as a result of the onslaught of de-risking activity, this is certainly a step in the right direction and exemplifies the tireless efforts of the CAB to identify innovative solutions to the challenges of present”, stated Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc. “The CAB acknowledges the increasing costs and complexity related to the transfer of funds among jurisdictions and is pleased to provide an option to the public via our member banks that is cost efficient and underpinned by the adoption of technology”, she added.

This partnership is part of Mastercard’s commitment to offering solutions that respond to specific market needs, benefiting millions of people in the Caribbean and taking a significant step towards achieving financial inclusion in the region.

***

About Mastercard (NYSE: MA) www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

EDITOR’S NOTE: A photo for use with this story is available HERE

PHOTO CAPTION: L-R: Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico and Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc.

Octavia McIntosh of ibex Jamaica to Join Panel Discussion

ibex Sponsors Outsource2Jamaica Conference 2023

The event is taking place from May 10-11 in St. James, Jamaica.

CARIBPR WIRE, KINGSTON, Jamaica, May 10, 2023: ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and customer engagement technology solutions, today announced its sponsorship of the Outsource2Jamaica Conference 2023 in St. James, Jamaica, May 10-11, 2023. In addition, ibex Senior Director of Talent Acquisition Octavia McIntosh will participate in the Destination Dialogue Panel to discuss Jamaica’s potential as a hub for the global services sector.

“As a global leader and innovator in delivering customer experience (CX) solutions geared for the digital-first marketplace, we are pleased to sponsor the Outsource2Jamaica Conference and support the growing outsourcing sector on the island,” said Tamara Ricketts-Brown, VP of Operations and Jamaica Country Manager, ibex. “Jamaica has earned a place as one of the top markets for BPOs around the globe. ibex views Jamaica as an excellent outsourcing market based on its well-educated English-speaking talent pool, robust infrastructure, and stable government. We continue to invest in growing our operations in Jamaica, where we currently have six sites and more than 7,500 employees.”

The Outsource2Jamaica Conference and Exposition, which is the largest event focused on Jamaica’s Global Services Sector (GSS), is presented by the (GSAJ). GSAJ is the leading representative body serving the Information, Communications Technology, Logistics Outsourcing and Business Process Outsourcing (Contact Center) sectors in Jamaica.

The theme for this year’s Outsource2Jamaica is “Ahead of the Curve”. The program is designed to showcase the resilience, growth and determination of this sector, illustrate how members in Jamaica have grown and pivoted, and promote Jamaica as the leading English-speaking outsourcing hub of the Caribbean.

“ibex is a long-standing and proud member of the GSAJ and will continue to be a champion in the effort to grow the outsourcing industry in Jamaica and bring higher value CX services and support opportunities to the island,” added Ricketts-Brown.

For more information about Outsource2Jaim, please visit https://outsource2jamaica.com/.

About ibex
ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage, and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of 34 operations facilities around the world, while deploying next-generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

ibex leverages its diverse global team of over 30,000 employees together with industry-leading technology, including its Wave X platform, to manage nearly 200 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

iBEX auspicia Conferencia Outsource2Jamaica 2023

Octavia McIntosh de IBEX Jamaica se une al panel de debate

CARIBPR WIRE, KINGSTON, Jamaica, May 10, 2023: ibex (NASDAQ: IBEX), un proveedor líder mundial de outsourcing de procesos empresariales (BPO) y soluciones de tecnología de participación del cliente, anunció hoy su auspicio de la Conferencia Outsource2Jamaica 2023 en St. James, Jamaica, del 10 al 11 de mayo de 2023. Además, la directora sénior de adquisición de talento de ibex, Octavia McIntosh, participará en el panel de debate de destinos para abordar el potencial de Jamaica como centro para el sector de servicios globales.

“Como líder mundial e innovador en ofrecer soluciones de experiencia del cliente (CX) orientadas al mercado digital, nos complace auspiciar la Conferencia Outsource2Jamaica y apoyar el creciente sector de outsourcing en la isla”, dijo Tamara Ricketts-Brown, vicepresidenta de operaciones y gerente de país de Jamaica para ibex. “Jamaica obtuvo un lugar como uno de los principales mercados para BPO en todo el mundo. ibex percibe a Jamaica como es un excelente mercado de outsourcing basado en su grupo de talentos de habla inglesa y bien educados, infraestructura sólida y gobierno estable. Continuamos invirtiendo en el crecimiento de nuestras operaciones en Jamaica, donde actualmente tenemos seis localidades y más de 7,500 empleados”.

La Conferencia y Exposición Outsource2Jamaica, que es el mayor evento centrado en el Sector de Servicios Globales (GSS) de Jamaica, es presentada por el (GSAJ). GSAJ es el organismo representativo líder dedicado a servir a los sectores de información, tecnología de comunicaciones, outsourcing de logística y outsourcing de procesos empresariales (Centro de Contacto) en Jamaica.

El tema de Outsource2Jamaica de este año es “Ahead of the Curve” (adelantarse a los acontecimientos). El programa está diseñado para demostrar la resiliencia, crecimiento y determinación de este sector, ilustrar cómo los miembros en Jamaica han crecido y pivotado, y promover a Jamaica como el principal centro de externalización de habla inglesa del Caribe.

“IBEX es un miembro orgulloso y de larga tradición del GSAJ y continuará siendo un campeón en el esfuerzo por avanzar el sector de outsourcing en Jamaica y ofrecer servicios de CX de mayor valor y oportunidades de soporte a la isla”, agregó Ricketts-Brown.

Para más información acerca de Outsource2Jaim, visite https://outsource2jamaica.com/.

Acerca de ibex
ibex ofrece outsourcing de procesos de negocios (BPO) innovadores, marketing digital inteligente, tecnología de adquisición en línea y soluciones de participación del cliente de extremo a extremo para ayudar a las empresas en la adquisición, participación y retención de clientes valiosos. Hoy, ibex opera un modelo de centro de entrega de experiencia del cliente (CX) global que consiste de 34 instalaciones de operaciones en todo el mundo, al mismo tiempo que implementa tecnología de última generación para promover experiencias superiores para el cliente para muchas de las empresas líderes mundiales en los sectores minorista, comercio electrónico, atención médica, tecnología financiera (fintech), servicios públicos y logística.

ibex aprovecha su diverso equipo global de más de 30.000 empleados junto con tecnología líder en el sector, incluyendo su plataforma Wave X, para la gestión de cerca de 200 millones de interacciones críticas con clientes, añadiendo más de $2.2 mil millones en ingresos vitalicios de clientes cada año e impulsando una experiencia de cliente verdaderamente diferenciada. Para más información, visite nuestro sitio web ibex.co y conéctese con nosotros en LinkedIn.

Click Here for More Information »

The Exchange will leverage Nasdaq’s matching engine and market surveillance technology

CaribPR Wire, STOCKHOLM, Sweden, and KINGSTON, Jamaica, April 01, 2019: Nasdaq Inc. (Nasdaq:NDAQ) and the Jamaica Stock Exchange (JSE) have signed a new seven-year agreement for Nasdaq to deliver matching engine and market surveillance technology (SMARTS) to the Jamaica Stock Exchange.

By tapping Nasdaq’s technology, the JSE, as part of its strategy will be able to bolster their product and service delivery regionally and globally. Further, via the Nasdaq Matching Engine, JSE will have the ability to offer new products, enhance current trading capabilities and improve the latency of order execution. The market surveillance technology will provide the exchange the ability to closely monitor trade activities while strengthening market integrity.

”There are no boundaries that are beyond the JSE, as the organization continues to explore the use of technology that Nasdaq provides to ensure that our shareholders value are maximized and the confidence of the market remains high,” said Marlene Street Forrest, Managing Director, JSE. “This partnership with Nasdaq is another step to keep apace with the world’s financial markets. We expect that this relationship will enable the JSE and its member dealers to design and create new products and services facilitated by the cutting-edge technology that Nasdaq will provide.”

“The Jamaica Stock Exchange has been at the forefront of modernizing the Caribbean region’s financial markets,” said Carlos Patino, Head of Latin America and the Caribbean, Market Technology, Nasdaq. “By leveraging our trading and surveillance solutions, JSE will be operating on the world’s most widely-used trading technology for exchanges in the world. This is a key indicator of their dedication to build Jamaica’s capital market ecosystem into an important hub for finance and commerce. We look forward to a productive, long-term partnership with the JSE.”

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

About the Jamaica Stock Exchange

The Jamaica Stock Exchange (JSE) provides a fair and efficient stock market. It is a well regulated and agile organization which is celebrating its 50th anniversary this year. It continues to provide the local, regional and global financial markets with opportunities to invest, grow businesses and mobilize capital.

As the leading Exchange in the Caribbean, The JSE has been strategically forging partnership with other industry players to ensure that our subsidiary, the Jamaica Central Securities Depository (JCSD), our shareholders and the general public are able to maximize any opportunities that arises.

The impact of the JSE on the local economy and its consistent performance of have not gone unnoticed, and in 2015 and 2018 the Jamaican Stock Market was declared the ”Best performing Stock Market in the World” (Bloomberg).

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

CaribPR Wire, CASTRIES, St. Lucia, Thurs. Mar. 22, 2018: The Caribbean Association of Banks Inc., (CAB), is deeply concerned about the recent inclusion of Caribbean territories on the European Union Commission’s (EU) list of non-cooperative jurisdictions for tax purposes.

The list names countries which have not displayed sufficient commitment to the tax standards identified by the EU.

Blacklisting has debilitating effects on our Caribbean economies, specifically:

• It exacerbates the perception of our Region as ‘High Risk’ and consequently, negatively affects the risk profile of regional financial institutions and the willingness of correspondent banks to do business with them;
• It severely reduces critically-needed development funding from the EU and limits the ability of Caribbean territories to pursue their development goals; and
• It makes the region vulnerable to future sanctions and financial penalties, which may be levied against “blacklisted” jurisdictions.

Removal from the blacklist requires a high-level political commitment from the affected jurisdictions to address the deficiencies identified by the EU’s Code of Conduct Group. The status of Caribbean Territories as of March 13, 2018 by the OECD are as follows:

The EU has given the above countries specific timeframes to make high level commitments to address the deficiencies identified by the Code of Conduct group.  Some of the deficiencies identified in the various Caribbean jurisdictions are:

• Existence of Harmful and Preferential Tax Regimes;
• Non-application of Base Erosion and Profit Sharing (BEPS) minimum standards (tax avoidance strategies which seek to artificially shift profits to low/no tax jurisdictions); and
• Non-commitment to signing and ratifying the Convention of Mutual Administrative Assistance (Tax information exchange agreements to fight international tax evasion).

The CAB recognizes the efforts of regional governments thus far towards compliance with the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes Standards. Nonetheless, the very challenging issue of harmful and preferential tax regimes needs to be addressed.

Consequently, the CAB:

1. Calls upon all regional governments concerned, to carefully assess the deficiencies identified by the EU and take the necessary actions to ensure compliance with Global Standards in order to avoid further reputational risk/damage to the region.
2. Strongly recommends continued collaboration and coordination among CARICOM Governments so as to take appropriate measures on key issues which can impact the financial services sector as well as the growth and development of regional economies.

The CAB is a community of banks and other financial institutions in the Caribbean Region, which proactively influences issues impacting the financial services sector through advocacy, education and networking. The CAB represents fifty-three (53) banks and financial institutions in the Caribbean with an asset base in excess of US$40 billion as at Dec 31, 2017, in addition to seventeen (17) Service members comprising regional and international technological and professional institutions and three (3) Honorary Members. For more information see www.cab-inc.com/

Media Contact:

Mary Popo

General Manager

Email: mary.popo@cab‐inc.com
Tel (758) 452‐2877