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Real Money

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).

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April 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.

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March 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.”

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February 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.

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January 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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