CFATF Public statement on Guyana and Belize
The Caribbean Financial Action Task Force (CFATF) issued a Public Statement on Guyana and Belize following its XXXIX Plenary Meeting in Miami, Florida over the period 25-29 May, 2014.
Read MorePublic statement under Step 3 of MONEYVAL’s Compliance Enhancing Procedures in respect of Bosnia and Herzegovina
The Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) has been concerned since December 20101 with deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regime in Bosnia and Herzegovina.
Read MoreJune 2014 Newsletter – How to Become a Licensed Registered Agent for International Insurance
The NIIO was enacted in April of 2004 and has provided registered insurers and auxiliary service providers the ability to carry on related business from within Nevis. These types of businesses require the use of proper supervision and regulatory guidelines in order to ensure that there are flexible and progressive provisions, while at the same time maintaining strong regulatory standards.
Read MoreOFAC Specially Designated Nationals and Blocked Persons List
OFFICE OF FOREIGN ASSETS CONTROL – Specially Designated Nationals and Blocked Persons List
Read MoreMay 2014 Newsletter – Developing an AML/CFT Compliance Programme
All regulated entities must develop an Anti-Money Laundering and Counter Terrorist Financing (AML/CFT) Compliance Programme which is designed specifically for its business. The following information will assist regulated entities in developing a written AML/CFT Compliance Programme which is
to be submitted to the Nevis Financial Services (Regulation and Supervision) Department (NFSD) in accordance with Regulation 12(2) of the Anti-Money Laundering Regulations, No. 46 of 2011 (AMLR).