St. Vincent and the Grenadines; Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report was prepared by the Legal Department of the International Monetary Fund (IMF). It provides a summary of the Antimony Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in St. Vincent and the Grenadines (SVG) and of the level of compliance with the FATF 40+9 Recommendations, and contains recommendations on how the AML/CFT system could be strengthened. The assessment is based on the information available at the time of the mission. The preventive measures regime covers most of the financial and designated nonfinancial businesses and professions (DNFBP) sectors.

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Year of publication:	2010-10-13
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial institutions \| Financial sector \| International cooperation \| Nonbank financial sector \| Reports on the Observance of Standards and Codes \| money laundering \| law enforcement \| terrorism \| financing of terrorism \| terrorist \| terrorist financing \| enforcement authorities \| law enforcement authorities \| terrorist organizations \| terrorists \| beneficial owners \| due diligence \| law enforcement agencies \| competent authorities \| financial intelligence unit \| administrative sanctions \| shell banks \| beneficial ownership \| regulatory requirements \| drug trafficking \| suspicious transaction \| suspicious transactions \| anti-terrorism measures \| mutual evaluation process \| anti-terrorism \| predicate offences \| wire transfer \| legal assistance \| cash transactions \| offshore banks \| mutual evaluation \| predicate crimes \| suspicious transaction reporting \| reporting requirements \| regulatory bodies \| control information \| united nations security \| transaction reporting \| money launderers \| legal arrangements \| record keeping requirements \| money remittance \| terrorist acts \| terrorist act \| assessment methodology \| suspicious transaction reports \| terrorist groups \| transaction reports \| suspicious activity \| business relationships \| banking relationships \| life insurance \| extradition requests \| value transfer \| unusual transactions \| supervisory authorities \| risk management \| money remitters \| face to face business \| enforcement powers \| customer identification \| foreign law enforcement authorities \| laundering legislation \| criminal prosecutions \| suspicious activity reports \| adequate powers \| nuclear material \| financial sector supervisors \| legal assistance treaties \| regulatory authorities \| risk customers \| terrorist bombings \| border transactions \| international community \| legal entities \| foreign branches \| confiscation of property \| internal controls \| domestic law \| criminal groups \| physical protection \| compliance function \| suspicious activities \| ensuring compliance \| civil forfeiture \| anti money laundering \| licensing requirements \| insurance intermediaries

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/310 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243953