Here is the converted article in markdown format:

Grenada’s Anti-Money Laundering and Terrorist Financing Guidelines

Overview

The following guidelines outline the provisions, responsibilities, and obligations for entities and professionals related to anti-money laundering (AML) and terrorist financing (TF) in Grenada. These regulations aim to prevent and detect financial crimes while promoting a safe and secure financial system.

Key Provisions and Responsibilities

• Entities subject to the guidelines: The AML/TF guidelines apply to all entities, including:
  • Banks and other financial institutions
  • Money service businesses (e.g., money transmitters, currency exchange offices)
  • Insurance companies and insurance intermediaries
  • Casinos and gaming establishments
  • Real estate agents and developers
  • Lawyers and notaries public
  • Trust and company service providers
• Obligations: Entities subject to the guidelines are required to:
  • Establish and maintain adequate AML/TF policies, procedures, and controls
  • Conduct customer due diligence (CDD) on all customers
  • Report suspicious transactions to the Financial Intelligence Unit (FIU)
  • Cooperate with law enforcement agencies in investigations and prosecutions

Focus Areas and Questions

If you have specific questions or concerns regarding these guidelines, please let me know which section or provision you would like to focus on. I’ll be happy to help address your queries.

Questions or Concerns?

• Which section of the guidelines would you like me to assist with?
• Do you have any specific questions or concerns related to AML/TF regulations in Grenada?

Feel free to ask, and I’ll do my best to provide a helpful response!