May 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 to the Nevis Financial Services (Regulation and Supervision) Department (NFSD) in accordance with Regulation 12(2) of the Anti-Money Laundering Regulations, No. 46 of 2011 (AMLR).

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April 2014 Newsletter – Plans for 30th Anniversary Celebrations

Plans for 30th Anniversary Celebrations; Policy & Procedure Tips; 1st Quarter Comparison from 2012—2014; Reminders

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March 2014 Newsletter – Recap of 2014 Seminar / Plans for 30th Anniversary Celebrations / FATCA

Under the theme “Redefining our Global Vision through Knowledge Enhancement” the Nevis Financial Services Regulation and Supervision Department held its annual AML/CFT Awareness Seminar and Training Workshop on Tuesday March 3 and Wednesday March 4, 2014.

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February 2014 Newsletter – Training

Regulated entities have a duty to ensure that existing and new staff and any person exercising responsibilities specified in the Guidance Notes [Financial Services (Implementation of Industry Standards) Regulations] receive comprehensive training

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January 2014 Newsletter – Transparency & Beneficial Ownership of Legal Persons

Competent authorities should be able to obtain, or have access in a timely fashion to, adequate, accurate and current information on the beneficial ownership and control of companies and other legal persons (beneficial ownership information) that are created in the country. Countries may choose the mechanisms they rely on to achieve this objective, although they should comply with the minimum requirements set out below

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