GOVERNMENT OF ST. KITTS AND NEVIS CONDUCTS PRE-ASSESSMENT TRAINING
In preparation for the assessment of the Federation of St. Kitts and Nevis for the Fourth Round Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF) to be held during the period 23 March – 3 April 2020, the Government of St. Kitts and Nevis organized a three-day Pre-Assessment Training Workshop during the period 23 – 25 July 2019.
Read MoreGENERAL 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%.
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