Turks and Caicos IslandsThe Attorney General’s Chambers of the Turks and Caicos Islands announced changes to the jurisdiction’s Libya sanctions regime.
The Attorney General’s Chambers of the Turks and Caicos Islands published a notice concerning the addition of one entity to the jurisdiction’s Myanmar sanctions regime.
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 : 57/141 |
| Score : 5.35/10 |
| Rank : N/A |
| Score : N/A |
| Rank : 92/133 |
| Score : 78/100 |