May 2017 Newsletter – Fitness & Propriety
The information herein is provided to assist regulated entities in applying the fit and proper test to relevant persons. A relevant person is defined in the AMLR as a person carrying on relevant business. Relevant business is defined as engaging by way of business in one or more of the businesses or transactions referred to in relation to a regulated person. A regulated person means any person carrying on a regulated business activity as defined under the Proceeds of Crime Act (POCA).
Read MoreApril 2017 Newsletter – Beneficial Ownership
The information herein is provided to assist regulated entities in meeting the requirement to perform customer due diligence on beneficial owners or controllers of entities.
Read MoreMarch 2017 Newsletter – Recap of 2017 AML/CFT Awareness Seminar & TrainingWorkshop
The Nevis Financial Services (Regulation and Supervision) Department held its 12th Annual Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) Awareness Seminar and Training Workshop on March 06 and 07, 2017 at the Four Seasons Resort Nevis. The Workshop was held under the theme, “Increasing Awareness through Smarter Compliance – Forging New Connections to Combat Financial Crime.”
Read MoreFebruary 2017 Newsletter – Global Forum & CFATF part2
The Caribbean Financial Action Task Force (CFATF) held its XLIV Plenary and Working Groups Meeting in Providenciales, Turks and Caicos Islands during the period November 6-10, 2016.
Read MoreJanuary 2017 Newsletter – Global Forum & CFATF part1
This Month’s Newsletter outlines the progress to date that the Federation of St. Kitts-Nevis has made towards the implementation of the Common Reporting Standard (CRS).
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