Antigua_and_Barbuda Antigua and Barbuda

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The leaders of Antigua and Barbuda, Dominica, Grenada, and St. Kitts and Nevis signed a memorandum of agreement to strengthen rules for their Citizenship by Investment Programs and raise the minimum investment threshold to at least $200,000 by June 30, 2024.

Antigua and Barbuda’s Office of National Drug and Money Laundering Control Policy issued an advisory warning the public of an increase in money mule scams, where a person knowingly or unknowingly transfers illicit money on behalf of others.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department labels Antigua and Barbuda as a major money laundering jurisdiction. As of December 2020, the financial sector includes six domestic banks, six international banks, 18 insurance companies, five offshore money remitters, six payday money lenders, three internet gaming entities, four casinos, and 37 citizenship-by-investment program agents. Corruption, drug trafficking, and fraud are major sources of illicit funds in Antigua and Barbuda. Front operations, wire transfers, and structuring deposits are the main means of money laundering. The sectors most vulnerable to money laundering are international banks, money services businesses and the insurance sector. The country has know-your-customer and suspicious transaction reporting requirements and enhanced due diligence requirements for politically exposed persons.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 11 High : 0
Largely Compliant : 25 Substantial : 0
Partially Compliant : 3 Moderate : 7
Non-Compliant : 1 Low : 4

Antigua and Barbuda's technical compliance was re-rated in a Nov. 22, 2021 follow-up report.


Rank : 45/110
Score : 4.95/10


Rank : N/A
Score : N/A

Tax Justice Network i

Rank : 122/133
Score : 76/100