Samoa: Assessment of the Supervision and Regulation of the Financial Sector-Review of Financial Sector Regulation and Supervision

June 24, 2004

Preview Citation

Format: Chicago

Samoa: Assessment of the Supervision and Regulation of the Financial Sector-Review of Financial Sector Regulation and Supervision, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This paper presents an assessment of the supervision and regulation of Samoa’s financial sector. The size of the offshore business remains very small compared with major offshore centers. The registration of International Business Companies represents the largest offshore business for Samoa. For offshore banks, the Samoan authorities have tightened regulatory controls following the amendment to the Offshore Banking Act in 1998, and as a result, the number of offshore banks has been reduced significantly.

Subject: Banking, Commercial banks, Crime, Financial institutions, Financial services, Insurance companies, Money laundering, Offshore financial centers

Keywords: Banking sector, Commercial banks, Companies registration staff, Company formation agent, CR, Due diligence, Global, Insurance companies, ISCR, Money laundering, Offshore financial centers, Trustee company

Publication Details

Pages:

70
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2004/171
Stock No:

1WSMEA0012004
ISBN:

9781451840681
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports