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.
Read MoreUS International Narcotics Control Strategy Report 2017
Find attached extracted pages from the US International Narcotics Control Strategy Report 2017 to highlight several areas in the report in relation to St. Kitts and Nevis, in particular the island of Nevis. You will see that the penultimate paragraph delivers an attack on Nevis with allegations that…
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2017 Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Awareness Seminar and Training Workshop
The Nevis Financial Services (Regulation and Supervision) Department (NFSD) held its 12th Annual Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) Awareness Seminar and Training Workshop on 6th and 7th March 2017 at the Four Seasons Resort Nevis.
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…
Read MoreCFATF Public Statement- Providenciales, Turks and Caicos
On the 9th day of November, 2016, the Caribbean Financial Action Task Force (CFATF) issued a Public Statement which highlighted the progress made by Haiti in establishing is AML/CFT regime. Haiti was encouraged to continue its reform process in addressing the remaining deficiencies.
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 More2017 Renewal of Money Services Business Licence
Please fond the attached form which is required to be submitted for the renewal of the annual licences in accordance with the Money Services Business Act Cap 21.21 (MSB Act).
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).
Read MoreDecember 2016 Newsletter – The year in review
Beginning in January 2016, regulated entities were required to seek approval for the Appointment of the Compliance/Reporting Officer.
Read MoreStatistical Bulletin – 3rd and 4th Quarter 2016
The graphs below provide important statistics on the monthly incorporation and registration activities of the Financial Services Registry.
Read MoreNovember 2016 Newsletter – How to undertake a risk assessment
Based on the regulatory reviews conducted in 2014 and 2015, Examiners of the FSRC noted that one recurring area of weakness is the absence of a risk assessment being conducted by regulated entities. This month’s newsletter highlights how to develop and implement a risk assessment as an important component…
Read MoreSeptember 2016 Newsletter – Financial Information Month 2016
Financial Information Month is a regional financial, economic, business and entrepreneurial education campaign executed in the Eastern ean Currency Union (ECCU) since 2002 through the collaborative efforts of the Eastern Caribbean Central Bank, ECCU member governments, financial and academic institutions,
the…