section_path: Politics/Regionalism/Caribbean Financial Action Task Force and Association of Caribbean States
section_name: Caribbean Financial Action Task Force and Association of Caribbean States
paragraph_text: Caribbean Financial Action Task Force and Association of Caribbean States
  
  Caribbean nations have also started to more closely cooperate in the Caribbean Financial Action Task Force and other instruments to add oversight of the offshore industry. One of the most important associations that deal with regionalism amongst the nations of the Caribbean Basin has been the Association of Caribbean States (ACS). Proposed by CARICOM in 1992, the ACS soon won the support of the other countries of the region. It was founded in July 1994. The ACS maintains regionalism within the Caribbean on issues unique to the Caribbean Basin. Through coalition building, like the ACS and CARICOM, regionalism has become an undeniable part of the politics and economics of the Caribbean. The successes of region-building initiatives are still debated by scholars, yet regionalism remains prevalent throughout the Caribbean.