Over the past eight months, Andersen – the San Francisco area-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm – has made a major move into the Caribbean market, where it didn't have so much as a single office as recently as March.

Andersen Global, the San Francisco-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm, has unveiled what it calls a "collaboration agreement" with a San Juan, Puerto Rico-based tax firm that it says will mark its entry into the Caribbean marketplace.

The European Commission on Wednesday published an updated version of what it called "third countries with weak anti-money-laundering and terrorist financing regimes," which included a number of U.S. territories, including American Samoa, Guam, Puerto Rico and the U.S. Virgin Islands.