FATF-Public-Statement – June 2014
The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance…
Read MoreFATF Public Statement – February 14, 2014
Paris, 14 February 2014 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and…
Read MoreSanctions against Iran-Joint Plan of Action
The Embassy of the United States of America presents its compliments of the Ministry of Foreign Affairs of the Federation of St. Christopher and Nevis, and has the honor to enclose a non-paper from the U.S. Department of Treasury regarding additional designations regarding networks linked to Iranian…
Read MoreFebruary 2014 Newsletter – Training
Regulated entities have a duty to ensure that existing and new staff and any person exercising responsibilities specified in the Guidance Notes [Financial Services (Implementation of Industry Standards) Regulations] receive comprehensive training
Read MoreJanuary 2014 Newsletter – Transparency & Beneficial Ownership of Legal Persons
Competent authorities should be able to obtain, or have access in a timely fashion to, adequate, accurate and current information on the beneficial ownership and control of companies and other legal persons (beneficial ownership information) that are created in the country. Countries may choose the mechanisms…
Read MoreDecember 2013 Newsletter – The Year In Review
Effective January 2013 all Corporate Service Providers were advised to submit a Certificate of Good Standing from the Registrar of Local Companies as a condition for renewal of their Registered Agent licenses.
Read MoreCFATF Public Statement – November 20th 2013
The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-nine jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations…
Read MoreMeta Trade Forex & Finance Group Inc.
The British Virgin Islands Financial Services Commission (“FSC”) has been made aware that an entity calling itself Meta Trade Forex & Finance Group Inc
Read MoreUnauthorised Offshore Service Providers
It has been brought to our attention that there are companies and/or individuals that claim either directly or indirectly to be authorized to conduct Financial services business from Nevis when, in fact this may not be correct.
Read MoreFirst Oceanic Credit Union
Not an entity registered on the island of Nevis. This entity is engaging in fraudulent activities.
Read MoreEquity Credit Union
It has been brought to our attention that Equity Credit Union and/or individuals associated with this entity are claiming to be “registered” by the Eastern Caribbean Central Bank to conduct the business of banking in Nevis.
Read MoreCFATF – SKN – follow-up report November, 2013
This report represents an analysis of St. Kitts and Nevis’ report to the CFATF Plenary concerning the progress it has made with regard to correcting the deficiencies that were identified in its third round Mutual Evaluation Report.
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