FATF Public Statement – October 2022

On the 21st October, 2022 the Financial Action Task Force (FATF) issued a Public Statement calling on all members and jurisdictions to apply enhanced due diligence procedures for all countries identified as high-risk.

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BAICO Payouts

The Financial Services Regulatory Commission in St. Kitts and Nevis in conjunction with the appointed Judicial Manager of British American Insurance Company Limited (BAICO) is facilitating the distributions of payments policyholders to refund Post Appointment Premiums paid and payments under the Plan of Arrangement.

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FATF Public Statement – June 2022

On the 17th June, 2022 the Financial Action Task Force (FATF) issued a Public Statement calling on all members and jurisdictions to apply enhanced due diligence procedures for all countries identified as high-risk.

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FATF Public Statement – 4th March 2022

On the 4th March, 2022 the Financial Action Task Force (FATF) issued a Public Statement calling on all members and jurisdictions to apply enhanced due diligence procedures for all countries identified as high-risk. In most serious cases the FATF calls upon countries to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorists financing, and proliferation financing risks emanating from the country.

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FATF Public Statement – 21st October, 2021

On the 21st October, 2021, the Financial Action Task Force (FATF) issued a Public Statement calling on all members and jurisdictions to apply enhanced due diligence procedures for all countries identified as high-risk. In most serious cases the FATF calls upon countries to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorists financing, and proliferation financing risks emanating from the country.

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