GrenadaThe 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.
The Caribbean Financial Action Task Force issued a mutual evaluation report concerning the anti-money laundering and counterterrorist financing framework of Grenada, including an assessment of the jurisdiction’s technical compliance with the 40 Financial Action Task Force Recommendations.
Caribbean Banks Found Workarounds After Losing Correspondent Accounts
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.
The U.S. Justice Department announced a non-prosecution agreement with Swiss bank Ersparniskasse Schaffhausen AG, Spanish authorities are calling for Gibraltar to be added to an EU list of uncooperative tax havens, and more, in this week’s roundup.
0 Items Found
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : 0 |
| Largely Compliant : 9 | Substantial : 0 |
| Partially Compliant : 20 | Moderate : 5 |
| Non-Compliant : 3 | Low : 6 |
| Rank : 115/141 |
| Score : 4.12/10 |
| Rank : 52/179 |
| Score : 53/100 |
| Rank : 126/133 |
| Score : 71/100 |