History

None of the Arawak Indians, who occupied the islands when Columbus first discovered them, survived the 16th century. Until the
19th century, the islands were a source of salt for the American mainland, with slaves being used as labour. During the 19th century,
control of the islands changed hands several times. In 1962, having been a Jamaican dependency for some 75 years, the Turks & Caicos Islands became a separate British Colony, a status that it retains to this day.

The islands held their first general election in 1976, and the winning party, the People’s Democratic Movement (PDM), pursued a
policy of full independence for the islands. The next election, in 1980, was effectively a referendum on the independence issue and was won by the anti-independence Progressive National Party (PNP), which claimed victory again four years later. Since then, the PDM and PNP have enjoyed a duopoly of power which was only briefly challenged in the late-1980s by the National Democratic Alliance , which has since faded from the political scene. The PDM under Derek Taylor won both the 1995 and 1999 polls, but the most recent election in 2003 narrowly returned the PNP to office. PNP leader Washington Missick, who served a term as Chief Minister in the early 1990s, was appointed once again.

High-level corruption, usually related to drug trafficking and/or money laundering, is fairly common in the Caribbean – and the Turks & Caicos have not been immune from it. Since the international crackdown initiated by the Organisation for Economic Co-operation and
Development (OECD, representing the world’s leading industrial economies) in the mid-1990s, several Caribbean countries specialising in offshore financing, including the Turks & Caicos, have come under pressure to introduce tougher sanctions against money laundering. As a British colony, the Turks & Caicos could hardly defy the OECD, but it faced a dilemma familiar to many small island states seeking to boost their economies through offshore financial services.