St. Kitts and NevisThe St. Kitts’ Financial Services Regulatory Commission issued a notice outlining the regulator’s response to the COVID-19 pandemic, noting that on-site examinations and follow-up examinations are suspended for the month of April 2020.
The government of St. Kitts and Nevis passed the Virtual Assets Bill, which imposes registration requirements for virtual asset businesses.
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.
US Again Targets Iranians Holding Caribbean Passports
For the fourth time this year, U.S. officials blacklisted an Iranian national using a Caribbean passport while purportedly helping Iran circumvent sanctions.
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| Compliant : 8 | High : |
| Largely Compliant : 8 | Substantial : |
| Partially Compliant : 25 | Moderate : |
| Non-Compliant : 8 | Low : |
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| Rank : 68/133 |
| Score : 75/100 |