FATF Advisory – improving global AML/CFATF Compliance 27 June, 2014
As part of its on-going review of compliance with the AML/CFT standards, the FATF has to date identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
Read MoreCFATF Public statement on Guyana and Belize
The Caribbean Financial Action Task Force (CFATF) issued a Public Statement on Guyana and Belize following its XXXIX Plenary Meeting in Miami, Florida over the period 25-29 May, 2014.
Read MorePublic statement under Step 3 of MONEYVAL’s Compliance Enhancing Procedures in respect of Bosnia and Herzegovina
The Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) has been concerned since December 20101 with deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regime in Bosnia and Herzegovina.
Read MoreJune 2014 Newsletter – How to Become a Licensed Registered Agent for International Insurance
The NIIO was enacted in April of 2004 and has provided registered insurers and auxiliary service providers the ability to carry on related business from within Nevis. These types of businesses require the use of proper supervision and regulatory guidelines in order to ensure that there are flexible and…
Read MoreOFAC Specially Designated Nationals and Blocked Persons List
OFFICE OF FOREIGN ASSETS CONTROL – Specially Designated Nationals and Blocked Persons List
Read MoreMay 2014 Newsletter – Developing an AML/CFT Compliance Programme
All regulated entities must develop an Anti-Money Laundering and Counter Terrorist Financing (AML/CFT) Compliance Programme which is designed specifically for its business. The following information will assist regulated entities in developing a written AML/CFT Compliance Programme which is
to be submitted…
Individuals Subject to Assets Freeze and Travel Ban – 29th April, 2014
Individuals and entities designated as subject to the travel ban and assets freeze pursuant to resolutions 1737 (2006), 1747 (2007), and 1929 (2010) and the committee decisions of 18 April, 2012 and 20 December, 2012.
Read MoreGuardian Trust Company Limited -Revocation Advisory
The Nevis Financial Services Regulation and Supervision Department hereby advises that the licence for Guardian Trust Company Limited to provide general trust and management services and to act as Registered Agent has been revoked.
Read MoreApril 2014 Newsletter – Plans for 30th Anniversary Celebrations
Plans for 30th Anniversary Celebrations; Policy & Procedure Tips; 1st Quarter Comparison from 2012—2014; Reminders
Read MoreRegistration of Licensed Non-bank Financial Institutions in Compliance with FATCA
The Member Governments of the Eastern Caribbean Currency Union (ECCU) have commenced discussions with the United States of America (US) towards executing an InterGovernmental Agreement (IGA) for the implementation of the provisions of the US Foreign
Account Tax Compliance Act (FATCA).
FX Systems Ltd
The Financial Services Regulatory Commission, Nevis Branch has recently been made aware that Nevis International Business Company FX SYSTEMS LTD is offering investments and trading in forex related products and services through its website
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Permanent Secretary, Ministry of Finance, NIA delivers remarks at Nevis Financial Services Department’s 2014 AML/CFT Awareness Seminar and Training Workshop
The Nevis Island Administration (NIA) will continue to invest the necessary resources to enhance knowledge in the financial sector. That disclosure was made by Permanent Secretary in the Ministry of Finance Laurie Lawrence when he delivered remarks at the Nevis Financial Services Regulation and Supervision…
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