IMF Staff Country Reports

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

October 13, 2010

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St. Vincent and the Grenadines: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2010) accessed November 12, 2024

Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Financial institutions, Foreign banks, Legal support in revenue administration, Money laundering, Mutual funds, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking sector, Business activity, Caribbean, CFT compliance, CFT supervision, CR, Criminal offense, Economic activity, Executive director, Financial institution, Foreign banks, ISCR, Legal support in revenue administration, Material information, Money laundering, Mutual fund, Mutual funds, POCA regulation, Regulatory authority

Publication Details

  • Pages:

    311

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/311

  • Stock No:

    1VCTEA2010002

  • ISBN:

    9781455208739

  • ISSN:

    1934-7685