The US Department of State has named many Caribbean and Central American jurisdictions as ‘major money laundering countries whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking’.
The only countries in the region to be left off the 2018 version of the US International Narcotics Control Strategy Report (INCSR)’s list are Puerto Rico and the US Virgin Islands, and the French overseas departments of French Guiana, Guadeloupe and Martinique.