Ponzi Schemes in the Caribbean
Following on from the Cartac-sponsored Regional Seminar on Understanding and Combatting Unregulated Investment Schemes that took place in Montego Bay, Jamaica in October 2008, CARTAC Capital Markets Development Adviser Brian Wynter collaborated with IMF staff members Ana Carvajal, Hunter Munroe and Catherine Pattillo to produce an IMF Working Paper. The paper covers unregulated investment schemes that found their way into our Caribbean territories claiming unusually high monthly returns and using a system of referrals by existing members. These features are the trademark of traditional Ponzi schemes and pyramid schemes. This paper describes the growth of such schemes, their subsequent collapse and the policy response of the regulators. Read more…
CARTAC NEWS JUNE 2009
This quarter's edition of the newsletter is now available for viewing and download. We hope you enjoy!
Steering Committee Meeting, June 2009
New documents available for viewing and download.
East AFRITAC Launches New Website
The East African Regional Technical Assistance Centre (East Afritac) has launched a new website at www.eastafritac.org. We encourage you to check it out and find out about all of the great things that have been happening with our counterparts over in Africa.
Financial Literacy for the Caribbean
Check out CARTAC's new website today!
Latest Press Releases
Ottawa, Ontario, June 8, 2009... As part of its commitment to the Americas, the Government of Canada has announced a new partnership between the Canada Revenue Agency (CRA) and the International Monetary Fund's Caribbean Regional Technical Assistance Centre (CARTAC). Read more ...
CARTAC's latest Work Plans
Work Plan for May 2009 to October 2009
Work Plan for November 2008 to April 2009
... and Activity Reports
