Much has been written recently about the Financial Action Task Force (FATF) and more specifically, the report of 22nd June, 2000, wherein a number of countries and territories were identified by the FATF as being non‐cooperative in the fight against money laundering. Also in the same month, the Organisation for Economic Co‐operation and Development (OECD) published a report, listing 35 jurisdictions considered to be operating harmful tax regimes. Additional reports have been produced by a number of other world organisations, and a host of publications have carried reports and articles in which countries have been named, and effectively shamed in this respect. Many of those named countries happen to be situated within the Caribbean.