St. Vincent and the Grenadines: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2010/311, IMF Staff Country Reports from International Monetary Fund

Abstract: St. Vincent and the Grenadines (SVG) is exposed to money laundering (ML) and financing of terrorism (FT) risk related to drug trafficking and international criminal groups. The financing of terrorism has also been criminalized and is largely in conformity with the Suppression of the Financing of Terrorism (SFT) Convention. The legal and institutional framework regarding the cross-border transportation of cash and bearer instruments is largely in place. The preventive measures regime covers most of the financial and designated nonfinancial businesses and professions (DNFBP) sectors as required under the Financial Action Task Force (FATF) Recommendations.

Keywords: ISCR; CR; POCA regulation; economic activity; business activity; CFT supervision; criminal offense; banking sector; financial institution; mutual fund; material information; CFT compliance; regulatory authority; executive director; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Mutual funds; Legal support in revenue administration; Foreign banks; Caribbean (search for similar items in EconPapers)
Pages: 311
Date: 2010-10-13
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