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Article: Antigua, Other Offshore Banks Search Records for Possible Terrorist Activity.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 3, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Mimi Whitefield, The Miami Herald Knight Ridder/Tribune Business News
Oct. 3--Banker Brian Stuart-Young didn't wait for the Antigua and Barbuda government to tell him to check his bank's records for terrorist suspects.
As soon as the FBI released its lists of suspects and organizations linked to terrorist activities, SwissAmerican Bank Ltd., an offshore bank in the Antigua capital of St. John's, began combing through its records.
"We were very on top of it. Any bank worth its salt would be," says Stuart-Young, chairman and managing director of the bank. As soon as the bank completed its searches, it dispatched letters to its overseas ...