This paper discusses detailed assessment of compliance with the Basel Core Principles for effective banking supervision … for the Kingdom of the Netherlands—Aruba. Aruba’s offshore banking sector is small by international standards, with … only two institutions registered. The mission also recommends that the Central Bank of Aruba (CBA) meet with management to …

to drug trafficking and international criminal groups. The financing of terrorism has also been criminalized and is …St. Vincent and the Grenadines (SVG) is exposed to money laundering (ML) and financing of terrorism (FT) risk related … largely in conformity with the Suppression of the Financing of Terrorism (SFT) Convention. The legal and institutional …

This report focuses on the observance of standards and codes for the Financial Action Task Force on Money Laundering … (FATF-40) recommendations for antimoney laundering (AML) and nine special recommendations on combating the financing of … revealed that law enforcement authorities and the Office of Director of Public Prosecutions are under-resourced in relation to …

The Kingdom of Bahrain’s Financial System Stability Assessment highlights banking supervision, insurance supervision …, securities regulation, and antimoney laundering and combating the financing of terrorism. The banking sector is well capitalized … markets to surge. Consumer lending has grown rapidly, although it slowed in 2005 following a tightening of loan to income …

Anguilla is in the process of strengthening its legal and supervisory framework, which includes the creation of an … inspections of company and trust service providers. The aim is to issue regulatory and industry codes that broadly meet the … recommended best practices as contained in the draft Offshore Group of Banking Supervisors’ Statement. …

, but further strengthening of the legal and institutional framework is needed. The Financial Services Commission has been …

This paper reviews financial sector regulation and supervision in the Cook Islands (CI). The CI has taken a number of … measures to strengthen its financial sector regulation. New legislation was passed for the regulation of banking activity, and … a Financial Supervisory Commission (FSC) was established. A suite of antimoney laundering legislation was enacted in May …

This paper presents an assessment of the supervision and regulation of Samoa’s financial sector. The size of the … offshore business remains very small compared with major offshore centers. The registration of International Business Companies … following the amendment to the Offshore Banking Act in 1998, and as a result, the number of offshore banks has been reduced …

The report provides the details of the Malta Financial Stability Assessment (MFSA). It defines its roles …, responsibilities, and objectives for financial policies. It reviews the reports on the observance of standards and codes on monetary …, and payment systems. It assesses the macroeconomic environment and risks, soundness and vulnerabilities of the financial …

This paper reviews of Sector Regulation and Supervision for Seychelles. Regulation and supervision of the banking … sector and foreign exchange bureaus in Seychelles is carried out by the Bank Supervision Division of the Central Bank …. Supervision of the credit union and the insurance companies is less formal, and carried out within the Ministry of Finance …