The Financial Intelligence Unit of Aruba published a series of sanctions designations under the Regulation Indicators Unusual Transactions, including United Nations Security Council and European Union sanctions designations related to chemical weapons, human rights violations and Iran.
Centrale Bank van Aruba, the country’s central bank, published its Financial Sector Supervision Report 2020, which focuses on the supervision of financial institutions with respect to anti-money laundering and counterterrorist financing compliance.
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|