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July 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.

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June 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.

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May 2019 Newsletter- Non-Profit Organizations

The Financial Action Task Force (FATF) has adopted a functional definition to non-profit organizations (NPOs) given the variety of legal forms that NPOs can have, depending on the country.

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April 2019 Newsletter-BEPS and its Impact on the Financial Services Industry

According to the Organisation for Economic Cooperation and Development (OECD), Base erosion and profit shifting (BEPS) is referred to as “tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity.”

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March 2019 Newsletter – Recap of 2019 AML/CFT Conference

The Financial Services Regulatory Commission (‘FSRC’), Nevis Branch held its 14th Annual AML/CFT Conference on Monday, March 11 and Tuesday, March 12, 2019 at the Four Seasons Resort Nevis. The Conference was held under the theme, “Conquering the Compliance Divide: Effective vs. Defective – Bridging the Gap in Today’s Regulatory Environment.”

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