March 2017 Newsletter – Recap of 2017 AML/CFT Awareness Seminar & TrainingWorkshop
The Nevis Financial Services (Regulation and Supervision) Department held its 12th Annual Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) Awareness Seminar and Training Workshop on March 06 and 07, 2017 at the Four Seasons Resort Nevis. The Workshop was held under the theme, “Increasing Awareness through Smarter Compliance – Forging New Connections to Combat Financial Crime.”
Read MoreFebruary 2017 Newsletter – Global Forum & CFATF part2
The Caribbean Financial Action Task Force (CFATF) held its XLIV Plenary and Working Groups Meeting in Providenciales, Turks and Caicos Islands during the period November 6-10, 2016.
Read MoreJanuary 2017 Newsletter – Global Forum & CFATF part1
This Month’s Newsletter outlines the progress to date that the Federation of St. Kitts-Nevis has made towards the implementation of the Common Reporting Standard (CRS).
Read MoreDecember 2016 Newsletter – The year in review
Beginning in January 2016, regulated entities were required to seek approval for the Appointment of the Compliance/Reporting Officer.
Read MoreNovember 2016 Newsletter – How to undertake a risk assessment
Based on the regulatory reviews conducted in 2014 and 2015, Examiners of the FSRC noted that one recurring area of weakness is the absence of a risk assessment being conducted by regulated entities. This month’s newsletter highlights how to develop and implement a risk assessment as an important component of a regulated entity’s AML/CFT Compliance Program.
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