June 2019 Newsletter- Keys in Preparing an Effective Suspicious Transaction Report (STR)
What is a Suspicious Transaction/Activity?
Suspicious transactions/activities are transactions/activities for which there are reasonable grounds to suspect that they are related to criminal activity or the commission of a money laundering (ML) or terrorist financing (TF) offence.
BAICO – Second Distribution Notice – SKN
The Judicial Manager is pleased to advise that approximately EC$30 million is to be released to make a further Distribution of 4% on agreed Plan Claims that will be paid to Plan Creditors, making a cumulative total of 14%.
Read MoreFSRC Nevis Monthly Statistical Bulletin – July 2019
The graph below provide important statistics on the monthly incorporation and registration activities of the Corporate Registry of the Nevis Financial Services (Regulation & Supervision) Department for the month of July 2019.
Read MoreMay 2019 Newsletter- Non-Profit Organizations
The Financial Action Task Force (FATF) has adopted a functional definition to non-profit organizations (NPOs) given the variety of legal forms that NPOs can have, depending on the country.
Read MoreFSRC Nevis Monthly Statistical Bulletin – June 2019
The graph below provide important statistics on the monthly incorporation and registration activities of the Corporate Registry of the Nevis Financial Services (Regulation & Supervision) Department for the month of June 2019.
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