The Turks And Caicos Avoids Blacklisting By The EU

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Turks & Caicos Government Press Release

After much effort and work, the Turks and Caicos Islands has been removed from the grey list and due to quick action including legislative amendments, TCI has avoided being placed on the EU's Blacklist.

This is an important achievement though we maintain that this remains an unfortunate process for countries listed as 2.2 jurisdictions or deemed "tax havens".

Premier Robinson says, "this accomplishment is due to the strong partnership between government agencies and the private sector who not only carried out quick reviews and quick consultations between us, but saw both sectors represented at a bi lateral meeting in Brussels last year.

TCI continues to face new and continuing challenges to our financial services sector and we continue to comply with all global standards. We remain committed in our stance to operate clean jurisdictions and though heavily challenged, we believe that there remains a path for growth in this sector and that with new policy and legislative support, it has a bright future.

My Government has recently concluded a full review of the financial services sector and a strategic plan for its growth is imminent."

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