St. Kitts and Nevis committed to clean financial services sector

BASSETERRE, St. Kitts – St. Kitts and Nevis remains committed to ensure that its financial services jurisdictions are not used for money laundering and properly regulated.

“We want to ensure that our jurisdictions – the Nevis Financial Services and the St. Kitts Financial Services – do not support in any way the use of the Federation and its services for money laundering and for the support of terrorism and its financing,” said Prime Minister Douglas.

He disclosed that St. Kitts and Nevis will host the 28th Plenary and 25th Ministerial Meeting of the Caribbean Financial Action Task Force (CFATF) from November 17th to 21st at the St. Kitts Marriott Resort and Royal Beach Casino. 160 delegates from CFATF Member Territories will attend.

St. Kitts and Nevis currently serves as Deputy Chair of the Caribbean Financial Action Task Force (CFATF), Mrs. Janet Harris.

The CFATF in September carried out an assessment of the financial services sectors in both St. Kitts and Nevis and “we await the findings of the assessment of our own jurisdictions in our efforts to ensure that we are properly regulated and supervised.” (CUOPM)

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