Reporting Financial Crimes in Saint Kitts and Nevis: A Guide to Procedures

If you have reason to believe that a financial crime is being committed or has been committed in Saint Kitts and Nevis, it is essential to report the activity to the appropriate authorities. The Financial Intelligence Unit (FIU) is responsible for receiving and analyzing reports of suspicious transactions and activities.

Who Should Report?

Any individual or organization with knowledge of a financial crime is encouraged to report the activity. This includes but is not limited to:

Banks and other financial institutions
Lawyers, accountants, and other professionals who have come across suspicious transactions
Government officials and law enforcement agencies

What Types of Financial Crimes Should Be Reported?

The FIU requires reports on a wide range of financial crimes, including but not limited to:

Money laundering
Terrorist financing
Bribery and corruption
Embezzlement and theft
Tax evasion and other forms of financial malfeasance

How to Report Financial Crimes

Reports can be made in person, by phone, or through the FIU’s online portal. The report should include as much information as possible about the suspicious activity, including:

Date and time of the transaction
Type of transaction (e.g. cash deposit, wire transfer)
Names and addresses of individuals involved
Any other relevant details

Confidentiality and Protection

All reports made to the FIU are treated with confidentiality and protected by law. The unit is committed to preserving the anonymity of reporters while investigating suspicious activity.

Consequences of Not Reporting

Failure to report financial crimes can result in severe consequences, including fines and imprisonment. It is essential to cooperate fully with the FIU’s investigation and provide any additional information required.

By reporting financial crimes, you are helping to protect the integrity of the Saint Kitts and Nevis financial system and prevent further illicit activities.