Montserrat Montserrat

New Documents

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning corrections made to the consolidated list entries of two entities which were designated pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019.

HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of two entities to the consolidated list pursuant to the Central African Republic (Sanctions) (EU Exit) Regulations 2020.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department identifies Montserrat as a monitored jurisdiction. This United Kingdom Caribbean Overseas Territory has one of the smallest financial sectors of those territories. Few offenses committed in Montserrat generate substantial profits from crime. The low number of transactions in the financial sector suggests that criminal funds are not entering the mainstream economy through financial institutions. The jurisdiction requires international business companies and trusts to have a locally licensed company manager or a locally licensed trust company respectively, which are responsible for undertaking customer due diligence procedures and monitoring anti-money laundering compliance.
  • KYC Covered Entities:  Banks, securities dealers, money transmission services, company management services, financial leasing companies, dealers in precious metals and stones, lawyers, auditors, accountants, notaries, tax advisors and insolvency practitioners, real estate agents, and trust or company service providers
  • STR Covered Entities:  Banks, securities and financial instrument traders and dealers, money brokers, and money transmission services; financial leasing companies; company agents and management services, any partner of a partnership, and company secretaries; entities providing a business, accommodation, correspondence, or administrative address for a legal person or company; nominee shareholders; persons providing consumer credit, mortgage credit, factoring, and commercial financing, including forfeiting; issuers and managers of means of payment, including credit and debit cards, checks, traveler’s checks, money orders, banker’s drafts, and electronic money; participants in securities issues and the provision of financial services related to such issues; financial, merger, and industrial strategy advisors and funds managers; providers of guarantees, commitments, and safekeeping; accountants, auditors, real estate agents, and independent legal professionals; and high-value goods dealers
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: No
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: 1 (2015); Convictions: 0 (2015)
Source: 2016 International Narcotics Control Strategy Report (INCSR)



Technical Effectiveness
Compliant : 3 High :
Largely Compliant : 25 Substantial :
Partially Compliant : 19 Moderate :
Non-Compliant : 2 Low :


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Tax Justice Network i

Rank : 130/133
Score : 75/100