Saint Vincent and the Grenadines regulate AML/CTF through their Financial Intelligence Unit under the Proceeds of Crime Act. See the obligations and how MemberCheck supports them.
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Saint Vincent and the Grenadines regulate money laundering and terrorist financing through the Proceeds of Crime Act, supported by their 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 FIU. Compliance supervision depends on the sector: the Eastern Caribbean Central Bank for domestic banks, the Financial Services Authority for other financial institutions, registered agents, and virtual asset service providers, and the FIU for designated non-financial businesses. 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.
Saint Vincent and the Grenadines' financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports, and is also the AML/CTF supervisor for designated non-financial businesses and professions.
The core of Saint Vincent and the Grenadines' AML framework, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other regulated entities.
The Eastern Caribbean Central Bank is the AML/CTF supervisor for domestic banks. The Financial Services Authority supervises other financial institutions, registered agents, and virtual asset service providers.
Saint Vincent and the Grenadines are a member of the Caribbean Financial Action Task Force, a FATF-style regional body, and align their regime with the FATF 40 Recommendations through that membership.
Supervision is split three ways. The Eastern Caribbean Central Bank supervises domestic banks, the Financial Services Authority supervises other financial institutions, registered agents, and virtual asset service providers, and the Financial Intelligence Unit supervises designated non-financial businesses and professions. The FIU is also the financial intelligence unit that receives and analyses suspicious transaction reports.
The Proceeds of Crime Act sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Saint Vincent and the Grenadines.
Saint Vincent and the Grenadines are a member of CFATF, the FATF-style regional body for the Caribbean, and align their AML/CTF regime with the FATF 40 Recommendations through that membership.
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.
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