May 2014 Newsletter – Developing an AML/CFT Compliance Programme
All regulated entities must develop an Anti-Money Laundering and Counter Terrorist Financing (AML/CFT) Compliance Programme which is designed specifically for its business. The following information will assist regulated entities in developing a written AML/CFT Compliance Programme which is
to be submitted…
Individuals Subject to Assets Freeze and Travel Ban – 29th April, 2014
Individuals and entities designated as subject to the travel ban and assets freeze pursuant to resolutions 1737 (2006), 1747 (2007), and 1929 (2010) and the committee decisions of 18 April, 2012 and 20 December, 2012.
Read MoreGuardian Trust Company Limited -Revocation Advisory
The Nevis Financial Services Regulation and Supervision Department hereby advises that the licence for Guardian Trust Company Limited to provide general trust and management services and to act as Registered Agent has been revoked.
Read MoreApril 2014 Newsletter – Plans for 30th Anniversary Celebrations
Plans for 30th Anniversary Celebrations; Policy & Procedure Tips; 1st Quarter Comparison from 2012—2014; Reminders
Read MoreRegistration of Licensed Non-bank Financial Institutions in Compliance with FATCA
The Member Governments of the Eastern Caribbean Currency Union (ECCU) have commenced discussions with the United States of America (US) towards executing an InterGovernmental Agreement (IGA) for the implementation of the provisions of the US Foreign
Account Tax Compliance Act (FATCA).
FX Systems Ltd
The Financial Services Regulatory Commission, Nevis Branch has recently been made aware that Nevis International Business Company FX SYSTEMS LTD is offering investments and trading in forex related products and services through its website
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Permanent Secretary, Ministry of Finance, NIA delivers remarks at Nevis Financial Services Department’s 2014 AML/CFT Awareness Seminar and Training Workshop
The Nevis Island Administration (NIA) will continue to invest the necessary resources to enhance knowledge in the financial sector. That disclosure was made by Permanent Secretary in the Ministry of Finance Laurie Lawrence when he delivered remarks at the Nevis Financial Services Regulation and Supervision…
Read MoreMarch 2014 Newsletter – Recap of 2014 Seminar / Plans for 30th Anniversary Celebrations / FATCA
Under the theme “Redefining our Global Vision through Knowledge Enhancement” the Nevis Financial Services Regulation and Supervision Department held its annual AML/CFT Awareness Seminar and Training Workshop on Tuesday March 3 and Wednesday March 4, 2014.
Read MoreFATF-Public-Statement – June 2014
The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance…
Read MoreFATF Public Statement – February 14, 2014
Paris, 14 February 2014 – The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and…
Read MoreSanctions against Iran-Joint Plan of Action
The Embassy of the United States of America presents its compliments of the Ministry of Foreign Affairs of the Federation of St. Christopher and Nevis, and has the honor to enclose a non-paper from the U.S. Department of Treasury regarding additional designations regarding networks linked to Iranian…
Read MoreFebruary 2014 Newsletter – Training
Regulated entities have a duty to ensure that existing and new staff and any person exercising responsibilities specified in the Guidance Notes [Financial Services (Implementation of Industry Standards) Regulations] receive comprehensive training
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