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 More
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 More
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.
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 More