Funds Security
Real Money

August 2016 Newsletter – Continuation of the FATF Recommendations and Guidance for the Money Services Business (MSB) Sector

In this issue, the most relevant FATF Recommendations are highlighted below together with a brief summary of the legal, regulatory or administrative measures that are in place to comply with each recommendation.

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July 2016 Newsletter – AML/CFT Guidelines for the Management of Risks Related to Money Services Businesses

In recent years tougher regulatory scrutiny over the implementation of AML/CFT laws has seriously impacted money services businesses (MSBs) globally, threatening their relationship with the conventional banking sector.

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June 2016 Newsletter – Licensing & Ongoing Supervisory Framework for Insurance Companies

The AML/CFT measures in the financial sector are issued by the Financial Action Task Force (FATF). The International Association of Insurance Supervisors as with other international policy shapers for the respective various sectors support such recommendations.

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April 2016 Newsletter – AML/CFT Guidelines for Banks

The inadequacy or absence of sound money laundering and financing of terrorism (ML/FT) risk management exposes banks to serious risks. Sound ML/FT risk management has particular relevance to the overall safety and soundness of banks and the entire banking system.

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March 2016 Newsletter – Recap of 2016 AML/CFT Workshop

Under the theme “Powerful Insights, Practical Ideas, Real Solutions:
Financial Crime Prevention – the Way Forward” the Nevis Financial Services (Regulation and Supervision) Department (“FSRC—Nevis Branch”) held its annual AML/CFT Awareness Seminar and Training Workshop on Monday March 21 and Tuesday March 22, 2016 at the Four Seasons Resort, Nevis.

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