Anguilla Anguilla

New Documents

Anguilla FIU Alerts Legal Professionals to ML/TF Red Flags

The Anguilla Financial Intelligence Unit issued an advisory on anti-money laundering and counterterrorist financing flags with respect to legal professionals.

April 4, 2024

Anguilla Government Shares Guidance on Sanction Regimes

The Anguilla National Anti-Money Laundering Committee published a guidance on the jurisdiction’s sanctions regime.

September 26, 2023

Anguilla Regulator Seeks Feedback on Amended Digital Assets Business Act

August 28, 2023

Anguilla FSC Seeks Feedback on Draft Regulation Covering Digital Assets

August 28, 2023

Anguilla Regulator Seeks Feedback on Amended AML/CTF Regulation, Code

August 28, 2023

News

British Offshore Territories Vulnerable to Money Laundering, Report Says

Britain needs to increase its number of experienced investigators and banking compliance examiners and adopt stronger legislation to improve lax anti-money laundering efforts in its overseas territories, according to a government report.

May 1, 2008

Enforcement Actions

0 Items Found

Key Documents

Anguilla Issues Customer Due Diligence Regulations

July 17, 2009

Anguilla Amends 2009 AML Regulations

September 30, 2009

Anguilla Publishes 2013 AML/CTF Laws, Guidelines

December 11, 2013

Anguilla Issues Proceeds of Crime Act

July 17, 2009

Anguilla Amends Proceeds of Crime Act

September 30, 2009

Anguilla Permits Confiscation of Criminal Proceeds

July 10, 2000

Anguilla Expands Scope of Money Laundering Offenses

September 14, 2004

U.K. Extends Terrorist Asset-Freezing Measures to Oversees Territories

March 16, 2011

Important Facts

  • The U.S. State Department labels Anguilla as a monitored jurisdiction. There are few offenses committed on the island by the local populace that generate substantial profits from crime. Domestic money laundering offenses generally involve fraud, public corruption and theft. The economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Increased activity in the tourism industry has spurred the growth of the construction sector. The financial sector is small in comparison to other jurisdictions in the Caribbean, but the ability to register companies online and the use of bearer shares make Anguilla vulnerable to money laundering. The biggest perceived threat of money laundering in the coming years will continue to come from abuses of the offshore industry in relation to mutual funds, trusts, and international business companies. Anguilla has seven licensed domestic and offshore banks, two money services businesses, and over 275 captive insurance companies.
  • KYC Covered Entities: Domestic and offshore banks, money transfer agents and money service businesses, insurance companies, mutual funds and fund intermediaries, company managers and service providers, trusts, securities brokers and dealers, dealers in high-value goods and precious metals and stones, lawyers, accountants, notaries, real estate agents, and friendly societies
  • STR Covered Entities:  Domestic and offshore banks, money transfer agents and money service businesses, insurance companies, mutual funds and fund intermediaries, company managers and service providers, trusts, securities brokers and dealers, dealers in high-value goods and precious metals and stones, lawyers, accountants, notaries, real estate agents, and friendly societies
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 2 (2015); Convictions: 0 (2015)
Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i

Technical Effectiveness
Compliant : 11 High :
Largely Compliant : 17 Substantial :
Partially Compliant : 19 Moderate :
Non-Compliant : 2 Low :

BASEL i

Rank : N/A
Score : N/A

TRANSPARENCY INTERNATIONAL i

Rank : N/A
Score : N/A

Tax Justice Network i

Rank : 62/133
Score : 78/100