St. Vincent and the GrenadinesThe British Virgin Islands’ Financial Services Commission published the revised Multilateral Memorandum of Understanding Among The Regional Regulatory Authorities, which is a cooperation agreement between the regulators of 17 countries in the region on the exchange of information.
The Organization of American States published its seventh Multilateral Evaluation Mechanism report on Saint Vincent and the Grenadines’ implementation of the recommendations of the Inter-American Drug Abuse Control Commission Hemispheric Plan of Action on Drugs 2016-2020.
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.
0 Items Found
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : |
| Largely Compliant : 13 | Substantial : |
| Partially Compliant : 11 | Moderate : |
| Non-Compliant : 17 | Low : |
| Rank : 90/125 |
| Score : 4.69/10 |
| Rank : 39/180 |
| Score : 59/100 |
| Rank : 114/133 |
| Score : 66/100 |