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…
Read MoreDecember 2013 Newsletter – The Year In Review
Effective January 2013 all Corporate Service Providers were advised to submit a Certificate of Good Standing from the Registrar of Local Companies as a condition for renewal of their Registered Agent licenses.
Read MoreCFATF Public Statement – November 20th 2013
The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-nine jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations…
Read MoreMeta Trade Forex & Finance Group Inc.
The British Virgin Islands Financial Services Commission (“FSC”) has been made aware that an entity calling itself Meta Trade Forex & Finance Group Inc
Read MoreUnauthorised Offshore Service Providers
It has been brought to our attention that there are companies and/or individuals that claim either directly or indirectly to be authorized to conduct Financial services business from Nevis when, in fact this may not be correct.
Read MoreFirst Oceanic Credit Union
Not an entity registered on the island of Nevis. This entity is engaging in fraudulent activities.
Read MoreEquity Credit Union
It has been brought to our attention that Equity Credit Union and/or individuals associated with this entity are claiming to be “registered” by the Eastern Caribbean Central Bank to conduct the business of banking in Nevis.
Read MoreCFATF – SKN – follow-up report November, 2013
This report represents an analysis of St. Kitts and Nevis’ report to the CFATF Plenary concerning the progress it has made with regard to correcting the deficiencies that were identified in its third round Mutual Evaluation Report.
Read MoreNovember 2013 Newsletter – Customer Due Diligence (CDD) cont’d
When performing elements (a) and (b) of the CDD measures specified under Recommendation 10, (identified on pg 1 of last month’s issue) financial institutions should also be required to verify that any person purporting to act on behalf of the customer is so authorised and should identify and verify…
Read MoreFATF Public Statement, 18 October 2013
The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT).
Read MoreOceanic Credit Union
It has been brought to our attention that Oceanic Credit Union and/or individuals associated with this entity are claiming to be “registered” by the Eastern Caribbean Central Bank to conduct the business of banking in Nevis.
Read MoreOctober 2013 Newsletter – Customer Due Diligence (CDD)
Financial institutions should be prohibited from keeping anonymous accounts or accounts in obviously fictitious names.
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