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WATCH: Saint Lucia Completes 2022 Money Laundering, Terrorist Financing Risk Assessment

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Saint Lucia is pleased to announce the completion of its 2022 Money Laundering and Terrorist Financing National Risk Assessment.

Saint Lucia has instituted an aggressive legislative agenda, not only to ensure that our jurisdiction will not be utilized as a conduit to facilitate illicit activity, but also to ensure a high level of compliance with the international standards as laid out by the Financial Action Task Force.

More in this report from Glen Simon:

SOURCE: National Competitiveness and Productivity Council

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3 COMMENTS

  1. Who is guarding the guards? They, the Europeans and Americans, are so invasive . . . In our business and we accede to all their requests. If we don’t, they threaten us with “derisking”. All of the scrutiny have allowed banks to flee, not just from Lucia but from across the region.
    The majority of money laundering occur with their jurisdictions and nothing about that.

  2. This action, within the region, will only allow MORE STRICT regulations, making it even more difficult to conduct “safe” banking business – while the real crooks (neo-colonists) run away with our funds. Will they give us more stringent “safe guards” against these crooks?

    @The Crow – on point!!!

  3. These programs instituted against the dwindling number of their vassal western states is a desperate attempt to constrain to their (US & European) borders, the moolah from the businesses still available to them: bank fraud, global terrorism, arms smuggling & drug running.

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