PRESS RELEASE

Antigua & Barbuda; Proactive in Addressing
Money Laundering Issues

___________________________________________________

September 16, 2002

St. John's, ANTIGUA

The Office of National Drug & Money Laundering Control Policy (ONDCP) has issued compliance guidelines for financial institutions for Antigua & Barbuda. These guidelines which came into force on September 9, 2002, also apply to gaming companies licenced within Antigua & Barbuda.

The Government of Antigua & Barbuda and the Directorate of Offshore Gaming is committed to the fight against money laundering and terrorist financing, through any of its financial institutions. As such, the Directorate is proactive in ensuring that gaming companies comply with legislative requirements as per the Money Laundering Prevention Act, the Interactive Gaming & Interactive Wagering Regulations and the Money Laundering Guidelines for Financial Institutions. Gaming companies are required by law and regulation to ensure that required guidelines in relation to money laundering issues are followed.

We are pleased with the proactive responses by our licencees to these important issues. In a post 9-11 world, it is critical that the gaming industry meaningfully address concerns about the vulnerability of the industry to money laundering. It is prudent that all countries remain steadfast in ensuring that there are proper mechanisms in place to prohibit and identify possible money laundering.

Ronald Maginley
Director of Offshore Gaming
The Directorate of Offshore Gaming