Financial Crime World

Anguilla Financial Services Commission (AFSC) Notifications and Consultations

Upcoming Webinars and Training Sessions

IFRS 17 - Insurance Contracts Webinar

  • The AFSC is partnering with Deloitte Bermuda to offer a webinar on IFRS 17 - Insurance Contracts.
  • Date: March 15, 2022
  • This webinar will provide market participants with an in-depth understanding of the new insurance contracts standard.

Public Consultations

The AFSC invites financial services market participants and the general public to submit comments on the following regulations:

Anguilla Private Trust Companies Regulations, 2022

  • Service providers and the general public are invited to submit comments by March 4, 2022.
  • The consultation aims to gather feedback on the draft regulations.

Co-operative Societies Bill and Regulations

  • Comments are due by March 4, 2022.
  • This consultation seeks input on the proposed bill and regulations.

Commercial and Beneficial Ownership Registry Bill

  • A virtual zoom meeting is scheduled for a date not specified (to be announced).
  • The AFSC invites stakeholders to participate in this virtual meeting to discuss the proposed legislation.

Financial Action Task Force (FATF) Public Statements

The FATF has issued two public statements regarding jurisdictions subject to a Call for Action and those under Increased Monitoring:

High-Risk Jurisdictions Subject to a Call for Action - October 2021

  • The AFSC provides this update on the current status of Anguilla’s compliance with FATF recommendations.

Jurisdictions Under Increased Monitoring - October 2021

  • This statement highlights the jurisdictions that require increased monitoring by the international community.

AML/CFT Inspections Report

The AFSC has issued its AML/CFT Inspection Report for 2018 and 2019. This report outlines the findings of the inspections and provides recommendations for improvement.

Consultation Note: Anguilla Special Trust Bill (ASTrA)

Comments are invited on the draft Anguilla Special Trust Bill (ASTrA) by August 9, 2021. The AFSC seeks feedback from stakeholders to inform the finalization of this bill.