delisle worrell : the frontier of practice in international criminal law opening remarks by dr delisle worrell, governor of the central bank of barbados, at the university of the west indies ’ ( uwi ) course in international crime, bridgetown, 17 january 2011. * * * this course is an example of what barbados needs to do in order to keep up with the evolving challenges of globalisation. globalisation is not new to us : the barbados we know today was born of the global outreach of an expansionist english nation, and its economy grew through international commerce in sugar, slaves and consumption goods. what is new is the nature of barbados ’ economic interface with the rest of the world. very little now remains of the sugar economy of the last three centuries. what we have today is an economy driven by international commerce in services, principally tourism services, with international business and financial services ( ibfs ) in second place. the international business and financial services sector is barbados ’ most recent foreign currency diversification initiative. our success in this activity is a result of an emphasis on quality – of regulation, of legislation, and of official administration. in order to maintain internationally acceptable quality we must constantly upgrade our performance in all these aspects – improving the adequacy of regulation, the appropriateness of legislation, and the processes and skills which enable government and private firms to provide an efficient professional service. the anti - money laundering ( aml ) framework, and the way we execute that framework, are crucial aspects of our quality control. we must constantly upgrade that framework to keep abreast of best international standards ; we must take measures to equip official entities with the knowledge and skills to execute their responsibilities in a transparent, even - handed and expeditious fashion. practitioners must fully understand and implement measures and procedures, which will ensure that their operations satisfy a demanding international standard, all the while offering their clients a service that is competitive in price and quality. this course put on by uwi will help all participants to remain current on the latest developments in international criminal law, so that we can enhance our standing among our competitors in the market for international business and financial services. the uwi is fortunate to have the benefit, as lecturer for this course, of one who has been writer, teacher and service provider in this field from its inception, in the person of bruce zagaris. bruce ’ s cv speaks for itself : he has a b. a., j.

to be, of invaluable assistance to us in that capacity. beyond this, he is a friend of barbados, one of a distinguished list of international luminaries whose informal support and advice has done much to assist this small nation in making its way in a changing world. with bruce zagaris as lecturer, this week ’ s course takes us to the frontier of practice in international criminal law, which is where we need to be, in order to be most competitive. our heartfelt thanks to bruce ; we really do appreciate his willingness to put his expertise at our disposal, and the committed support he has given us, over the years. we look forward to a rewarding week with him. bis central bankers ’ speeches