Grenada Financial Intelligence Unit (GFIU)
Grenada's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Americas · Country coverage
AML/CTF Compliance in Grenada
Grenada regulates AML/CTF through the Grenada Financial Intelligence Unit under the Proceeds of Crime Act. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Grenada
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUGrenada Financial Intelligence Unit (GFIU)
FATF statusCFATF member
Primary legislationProceeds of Crime Act
Overview
AML/CTF compliance in Grenada.
Grenada regulates money laundering and terrorist financing through the Proceeds of Crime Act, supported by the Grenada Financial Intelligence Unit, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the GFIU, alongside supervision from the Eastern Caribbean Central Bank for banks, the Grenada Authority for the Regulation of Financial Institutions (GARFIN) for the non-bank financial sector, and the GFIU and AML/CTF Commission for AML/CTF compliance generally. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Proceeds of Crime Act
The core of Grenada's AML framework, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other regulated entities.
Eastern Caribbean Central Bank
The ECCB is the prudential and AML/CTF supervisor for licensed banks, alongside the Grenada Authority for the Regulation of Financial Institutions (GARFIN) for the non-bank financial sector.
CFATF membership
Grenada is a member of the Caribbean Financial Action Task Force, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the GFIU
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Grenada?
The Eastern Caribbean Central Bank is the prudential and AML/CTF supervisor for licensed banks, and the Grenada Authority for the Regulation of Financial Institutions (GARFIN) licenses and supervises the non-bank financial sector, including credit unions, insurers, money services businesses, and virtual asset service providers. The GFIU and the AML/CTF Commission also hold AML/CTF supervisory powers over financial institutions and DNFBPs, and examine them jointly. The GFIU is in addition the financial intelligence unit, receiving and analysing suspicious transaction reports.
What is the main AML law in Grenada?
The Proceeds of Crime Act sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Grenada.
Is Grenada a member of FATF?
Grenada is a member of CFATF, the FATF-style regional body for the Caribbean, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Grenada?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
Screen customers for Grenada risk with MemberCheck.
Book a walkthrough with our compliance team and screen a real case in the first session.