Turks and Caicos IslandsThe Turks and Caicos Islands’ Financial Services Commission announced the renewal of two entries under the Terrorism and Terrorist Financing sanctions regime as well as the U.K.’s Terrorist-Asset Freezing etc. Act 2010, as extended to the jurisdiction.
The Turks and Caicos Islands’ Financial Services Commission announced an amendment to its Guinea-Bissau financial sanctions list.
Austrian court upholds fine against bank employees, German lenders push lawmakers to scrap individual liability, and more, in the weekly roundup.
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 : 15 | High : 0 |
| Largely Compliant : 9 | Substantial : 0 |
| Partially Compliant : 16 | Moderate : 6 |
| Non-Compliant : 0 | Low : 5 |
| Rank : N/A |
| Score : N/A |
| Rank : N/A |
| Score : N/A |
| Rank : 92/133 |
| Score : 78/100 |