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  • Forms

    All entities which fall under the NRSP sector are required to routinely monitor for suspicious activity when conducting their business. Such activity is to be reported by way of the Suspicious Activity Reporting (SAR) Form SARS   Examples of specific suspicious transactions for your sector can be found in the article Identifying Suspicious Transactions.   SARS Registration Forms De-Registration Forms Compliance Officer Fit & Proper Questionnaire         Forms
  • Registration

    Section 155 of the Proceeds of Crime Act, 2013 and Regulation 3 of the Non-Regulated Service Providers Regulation, 2019, require that all entities which fall under the NRSP sector be registered by the FIU or be liable of an offence. Registration Process The Application Form and the Compliance Officer Fit and Proper Questionnaire MUST be completed and sent to the FIU via email or registered mail (O. Box 1826, Kingstown) Application Form Compliance Officer Fit and Proper Questionnaire Both forms MUST be accompanied by all relevant documents or information required  Application Form The application may either be accepted or refused by the FIU. Refusal may occur where: The application form is not completed The application fails to provide requested information/documentation The applicant does not intend to carry on the relevant business which it seeks registration for The applicant was previously de-registered Where it is contrary to public best interest The applicant poses a significant money laundering or terrorist financing risk The applicant does not have the capacity or willingness to comply with the specified obligations Once the application is accepted and the service provider is registered, a Certificate of Registration will be issued. In cases where the application is refused, the applicant will be informed by way of a written letter which will provide details of the reason for refusal. Compliance Officer Fit and Proper Questionnaire Each NRSP MUST: nominate a suitable candidate for the position of Compliance Officer. complete and submit the Compliance/Reporting Officer Fit and Proper Form to the FIU for approval. submit the relevant supporting documents such as certified copies of the nominee’s identification and academic and professional qualifications. The application can be: Approved Conditionally Approved Declined   The FIU will inform the NRSP of its decision by way of a written letter.     Registration
  • AML/CFT Guidelines

    This Guidance was compiled by the St. Vincent and the Grenadines Financial Intelligence Unit (“FIU”) to offer guidelines to the Non-Regulated Service Providers (NRSPs) on the implementation of Anti-Money Laundering and Counter Terrorist Financing (AML/CFT) measures and on how best to comply with the AML/CFT laws and regulations of St. Vincent and the Grenadines. The AML/CFT policy adopted by each NRSP should be a reflection of its money laundering and terrorist financing risk. Thus, the responsibility rests with each entity to develop and implement its own polices and AML/CFT measures in keeping with the AML/CFT laws and regulations of St. Vincent and the Grenadines. NRSPs Guidance manual. AML/CFT Guidelines
  • Supervision of Non-Regulated Service Providers (NRSPs)

    (Otherwise called Designated Non-Financial Businesses and Professions (DNFBPs))  Supervisory Authority for NRSPs Pursuant to Regulation 36 (b) of the Anti-Money Laundering and Terrorist Financing Regulations 2014, as amended by S.R.O No.25 of 2017 (AMLTFR), the Saint Vincent and the Grenadines Financial Intelligence Unit (SVGFIU) is designated as the supervisory authority of Non-Regulated Service Providers (NRSPs) which comprises of: Real estate agents Casinos Car dealers Jewelers Lawyers, Notaries, Accountants and Auditors who engage in the following activities: buying and selling of real estate management of client money, securities or other assets management of bank, savings or securities accounts organisation of contributions for the creation, operation or management of companies creation, operation or management of legal persons or arrangements   Over the years, the SVGFIU has conducted various training and awareness raising sessions/workshops to sensitise NRSPs of their Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) obligations pursuant to the AMLTF Regulations. The Supervisory Department was subsequently established on 15th August, 2018.   Supervision of Non-Regulated Service Providers (NRSPs)
  • Contact

    Address: P.O. Box 1826 Kingstown St George VC0100 St. Vincent and the Grenadines Phone: 1 (784) 451-2070 Fax: 1 (784) 457-2014 https://svgfiu.com/ Contact
  • Advisory: Foreign Exchange (FOREX) and Cryptocurrency offerings

      ADVISORY: Foreign Exchange (FOREX) Trading and Cryptocurrency offerings The St. Vincent and the Grenadines Financial Services Authority (FSA) and the Financial Intelligence Unit (FIU) hereby issues the following warning: The Authorities in St. Vincent and the Grenadines are aware of the recent growing international trend of Forex Trading and Cryptocurrency. It is advised however, that there is no regulation in place for Foreign Exchange (Forex) Trading and Cryptocurrency offerings in St. Vincent and the Grenadines. Furthermore, no Forex Trading or Cryptocurrency licenses are issued in St. Vincent and the Grenadines. These are speculative investments with considerable risks to the investor. Advisory: Foreign Exchange (FOREX) and Cryptocurrency offerings
  • Press Release by SVG Authorities on Allegations of 'Money Laundering'

    Joint Statement by the Relevant Authorities in St. Vincent and the Grenadines on Allegations of ‘Money Laundering’ The relevant authorities in St. Vincent and the Grenadines, namely, the National Anti-Money Laundering Committee (NAMLC), the Financial Services Authority (FSA) and the Financial Intelligence Unit (FIU) hereby issue a joint statement strongly denouncing the description of St. Vincent and the Grenadines as being ‘notorious for money laundering’ and a ‘prime money laundering destination.’... Press Release by SVG Authorities on Allegations of 'Money Laundering'