This assessment of Financial Sector Supervision and Regulation for Samoa provides an overview of legal and … institutional frameworks. Compliance with the Basel Core Principles (BCPs) for the supervision of international and domestic banks … has improved considerably. Supervision of domestic banks should be strengthened further through issuance of additional …

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 on the Observance of Standards and Codes for the Financial Action Task Force (FATF) 40 Recommendations for … Anti-Money Laundering (AML) and 9 Special Recommendations on Combating the Financing of Terrorism (CFT) was prepared by the … Legal Department of the IMF. It provides a summary of the AML/CFT measures. The assessment is based on the information …

This report provides a summary of the Antimoney Laundering and Combating the Financing of Terrorism (AML/CFT) measures … in effect in the Union of the Comoros on the date of or shortly after the onsite visit. It describes and analyzes these … measures, indicates the level of the Union of the Comoros’s compliance with the 40 + 9 Financial Action Task Force (FATF …

This paper discusses key findings of the Financial System Stability Assessment on Singapore. The Singapore financial … best globally. The Monetary Authority of Singapore (MAS) oversees the entire financial system, and has the analytical and … operational capabilities to do so effectively. Singapore is exposed to a broad array of domestic and global risks, especially in …

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. …

Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic …€™s vulnerability to exogenous shocks, including the outbreak of Severe Acute Respiratory Syndrome (SARS). Systemic liquidity is well …

, 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 …