August 2017 Newsletter – Other Notable Changes- Part I
We continue with our review of the Nevis Business Corporation Ordinance 2017 (NBCO 2017) and the Nevis Limited Liability Company Ordinance 2017 (NLLCO 2017). The August and September editions of the newsletter will highlight some other notable changes under both Ordinances.
Read MoreFSRC Nevis Monthly Statistical Bulletin – August 2017
The graph below provides 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 FSRC Nevis Monthly Statistical Bulletin – August, 2017.
Read MoreJuly 2017 Newsletter – The Revised Ordinances
The Nevis Business Corporation Ordinance 2017 (NBCO 2017) and Nevis Limited Liability Company Ordinance 2017 (NLLCO 2017) were passed in the Nevis Island Assembly on the 20th day of July, 2017 and we are currently awaiting publication in the gazette.
Read MoreFSRC Nevis Monthly Statistical Bulletin – July 2017
The graph below provides 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 FSRC Nevis Monthly Statistical Bulletin – July, 2017.
Read MoreFATF Public Statement – Valencia Spain – June 2017
On the 23rd day of June, 2017, the Financial Action Task Force (FATF) issued a Public Statement on the Democratic People’s Republic of Korea (DPRK) and called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial…
Read MoreCFATF Public Statement – Trinidad (May 31 2017)
On the 31st day of May, 2017, the Caribbean Financial Action Task Force (CFATF) issued a Public Statement which highlighted the progress made by Haiti in establishing its AMF/CFT regime. Haiti was identified as a Jurisdiction with strategic AML/CFT deficiencies that has made significant progress in addressing…
Read MoreStatistical Bulletin – 1st and 2nd Quarter 2017
The graphs below provide important statistics on the monthly incorporation and registration activities of the Financial Services Registry.
Read MoreJune 2017 Newsletter – Guidelines for Independent Internal AML/CFT Audit
One of the areas assessed by the FSRC – Nevis Branch during an onsite inspection is whether or not a regulated entity has performed an independent internal audit (“audit”) to test and validate activities to mitigate against money laundering/financing of terrorism risks. This is done to determine…
Read MoreStatement on La Providence LLC / La Providence Ltd
The Financial Services Regulatory Commission (FSRC) – Nevis Branch also referred to as the Nevis Financial Services (Regulation and Supervision) Department issues this statement in light of the recent circulation of documents on the internet purporting to show that the French Presidential candidate,…
Read MoreMay 2017 Newsletter – Fitness & Propriety
The information herein is provided to assist regulated entities in applying the fit and proper test to relevant persons. A relevant person is defined in the AMLR as a person carrying on relevant business. Relevant business is defined as engaging by way of business in one or more of the businesses…
Read MoreApril 2017 Newsletter – Beneficial Ownership
The information herein is provided to assist regulated entities in meeting the requirement to perform customer due diligence on beneficial owners or controllers of entities.
Read MoreUS International Narcotics Control Strategy Report 2017
Find attached extracted pages from the US International Narcotics Control Strategy Report 2017 to highlight several areas in the report in relation to St. Kitts and Nevis, in particular the island of Nevis. You will see that the penultimate paragraph delivers an attack on Nevis with allegations that…
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