Centrale Bank van Aruba, the country’s central bank, published its Financial Sector Supervision Report 2019, which focuses on the regulator’s supervision of financial institutions over the past year, in particular with respect to anti-money laundering and counterterrorist financing compliance.
The Centrale Bank van Aruba published a policy document concerning the reporting of unusual transactions to Aruba’s Financial Intelligence Unit pursuant to anti-money laundering and counterterrorist financing laws.
At least nine Caribbean banks that have lost access to U.S. correspondent accounts as a result of the “de-risking” trend now access U.S. dollars indirectly, usually at higher costs, through their ties to U.K. and other overseas financial institutions, sources told ACAMS moneylaundering.com.
Guyana failed to approve AML legislation ahead of this week’s FATF plenary, Fiji is expanding the powers of its law enforcement by allowing phone tapping in order to boost its fight against money laundering, and more, in this week’s roundup.
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|Compliant : 2||High :|
|Largely Compliant : 7||Substantial :|
|Partially Compliant : 13||Moderate :|
|Non-Compliant : 25||Low :|
|Not-Applicable : 2|
|Rank : 58/141|
|Score : 5.34/10|
|Rank : N/A|
|Score : N/A|
|Rank : 112/133|
|Score : 73/100|