GENERAL ADVISORY – ANTI-TERRORISM ACT – procedures for unfreezing and providing access to frozen funds or other assets
It is hereby notified for general information that where funds are frozen pursuant to section 43 of the Anti-Terrorism Act, Cap. 4.02, the following actions may be taken by a person from whom the funds were frozen or who has an interest in the funds:
Read MoreJuly 2019 Newsletter- Identifying Suspicious Transactions/Activities
In Issue # 79, we learnt that suspicious transactions are activities for which there are reasonable grounds to suspect that they are related to a criminal activity or the commission of a money laundering (ML) or terrorist financing (TF) offence.
Read MoreJune 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.
Read MoreOFAC List – January 08, 2019
CHANGES TO THE Specially Designated Nationals and Blocked Persons List
Read MoreOFAC List – December 19, 2018
CHANGES TO THE Specially Designated Nationals and Blocked Persons List
Read MoreOFAC List – December 10, 2018
CHANGES TO THE Specially Designated Nationals and Blocked Persons List
Read MoreOFAC List – November 27, 2018
CHANGES TO THE Specially Designated Nationals and Blocked Persons List
Read MoreOFAC List – November 20, 2018
CHANGES TO THE Specially Designated Nationals and Blocked Persons List
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