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Britain Accused of Making Baseless Claims Against Internet Gambling

"Wrenford Ferrance, Antigua's Director of National Drugs and Money Laundering Control Policy made the accusation against the back-drop of an observation made by Britain that in some cases it would be possible to use the gaming industry for the purposes of laundering through players' accounts held with the gaming company.

"...He said that Britain `has changed the goal posts from those which it established in April 1999 when the Advisory was imposed in the first place."'

"...Ferrance said his country has remedied the deficiencies in its anti-money laundering laws, and in its regulatory and enforcement machinery.

"...He predicted that with the two new concerns raised, the US and Britain could take a longer time to lift the advisories and so the `effect on the Antigua and Barbuda's economy may therefore be protracted, and extremely harmful.'

"...The impact was an approximately 25 per cent more to the cost of transacting international business, a reduction in investments in the financial services sector and an unwholesome image for the country generally, which affects investments in other sectors of the economy..."

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