Antigua and Barbuda has placed great emphasis upon ensuring that the highest international banking standards are adhered to by its financial services sector. The Jurisdiction is a member of the Caribbean Financial Action Task Force (CFATF), which has conducted evaluations (2003 and 2007) of the Jurisdiction’s anti-money laundering and counter terrorist financing system and found Antigua and Barbuda to be fully compliant with regional and international standards. The IMF carried out an evaluation of the jurisdictions international banking sector in February-March, 2004. In its report the IMF has found the jurisdiction complaint or largely complaint with Basel Core Principles, regarded as the international standard in banking supervision. The jurisdiction is regularly updating its laws and regulation in respect of preventing money laundering and the financing of terrorism.