Anguilla Ensures AML/CFT Best Practices to Combat Financial Crime

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Anguilla has taken significant steps to uphold international standards in combating money laundering and terrorist financing. The island nation has implemented measures to prevent and detect these illicit activities, as mandated by the Financial Action Task Force (FATF) Recommendations.

Robust Legislative Framework

To achieve this goal, Anguilla has established a robust legislative framework for anti-money laundering and combating the financing of terrorism. This framework was bolstered in 2009 with the passage of the Proceeds of Crime Act (POCA), which is supported by:

• Anti-Money Laundering and Terrorist Financing Regulations (AML/CFT Regulations)
• Anti-Money Laundering and Terrorist Financing Code

Comprehensive Approach

The subsidiary legislation under POCA, as listed under Schedule 2 of the AML/CFT Regulations, brings all financial service providers and non-profit organizations under scrutiny. This comprehensive approach ensures that Anguilla’s financial system is protected from money laundering and terrorist financing activities.

Key Benefits

• Protected Financial System: Anguilla’s financial system is safeguarded against illegal activities.
• Compliance with International Standards: Anguilla adheres to the FATF Recommendations, ensuring international cooperation and trust in the financial sector.
• Enhanced Transparency: The robust legislative framework promotes transparency and accountability in financial transactions.

Learn More

For more information on Anguilla’s efforts to combat financial crime, please visit the Caribbean Financial Action Task Force website.