Anti‐money laundering legislation in St Vincent and the Grenadines

Abstract

Outlines laws in force before newly passed legislation; the cornerstone was the Confidentiality Act 1996, whose provision of confidentiality was noticed by the Financial Action Task Force when it issued its list of Non‐cooperative Countries and Territories in 2000. Summarises the new legislation such as the Proceeds of Crime and Money Laundering (Prevention) Act 2001 and the Proceeds of Crime and Money Laundering (Prevention) (Amendment) Act 2002. Moves on to the work of the Financial Intelligence Unit, the International Banks (Amendment) Act 2002, the International Business Companies (Amendment) Act 2002, the International Trusts (Amendment) Act 2002, and the Exchange of Information Act 2002.

Citation

Drayton, F. (2003), "Anti‐money laundering legislation in St Vincent and the Grenadines", Journal of Money Laundering Control, Vol. 7 No. 2, pp. 170-174. https://doi.org/10.1108/13685200410809887