UNAUTHORISED OFFSHORE SERVICE PROVIDERS
It has been brought to our attention that there are companies and/or individuals that claim either directly or indirectly to be authorised to conduct financial services business from St. Kitts, when in fact this may not be correct.
Kindly note that a list of all persons/entities authorised to conduct finance services business has been posted on this website:
Should you require further assistance, please contact:
The Regulator
P O Box 898
The Pelican Mall
Basseterre,
St. Kitts |
Tel: 1-869-466-5048
Fax: 1-869-466-5317
Email: skanfsd@caribsurf.com |
----------------------------------------------------------------------
GENERAL INFORMATION ADVISORY NO.1 of 2011
On 25th February, 2011, the Financial Action Task Force (FATF) issued a public statement in which it expressed concern about deficiencies in the anti-money laundering and countering the financing of terrorism (AML/CFT) regimes of Iran and the Democratic People’s Republic of Korea.
The public statement was issued following the work carried out by the International Cooperation Review Group in relation to these jurisdictions.
With respect to Iran, while recognizing the effort made by the country to engage with the FATF, the FATF noted that there remain risks arising from deficiencies in the country’s AML/CFT regime, which have not been addressed. In particular, the FATF is concerned about Iran’s failure to address the risk of terrorist financing and the serious threat this poses to the integrity of the international financial system.
In relation to The Democratic People’s Republic of Korea (DPRK), the FATF is concerned by the country’s failure to address the significant deficiencies in its AML/CFT regime and the serious threat this poses to the integrity of the international financial system.
Accordingly, the Financial Services Regulatory Commission advises the general public, including all regulated and other persons who are required to comply with the obligations set out in the Anti-money Laundering Regulations, No. 25 of 2008 and the Anti-Terrorism Act, 2002, to note the concerns expressed by the FATF with respect to the above jurisdictions. In addition, consideration should be given to the money laundering and/or terrorist financing risks associated therewith and appropriate or enhanced customer due diligence measures must be applied when dealing with customers or transactions involving any of the two jurisdictions that have been identified above. In particular, special measures should be used to protect against correspondent relationships being used to bypass or evade risk mitigation practices.
GENERAL INFORMATION ADVISORY NO.1: Date 30 April 2008
On 28 February, 2008, the Financial Action Task Force (FATF) issued a public statement in which it expressed concern about deficiencies in the anti-money laundering and countering the financing of terrorism (AML/CFT) regimes of Uzbekistan, Iran, Pakistan, Turkmenistan, Sao Tome and Principe and the northern part of Cyprus. Read More
| WARNINGS | updated February 08, 2011 |
Malchus Irvin Boncamper; AFM Services Ltd.
Please note that Malchus Irvin Boncamper and/or individuals associated with this person (including AFM Services Ltd) are no longer "Authorized" by the Financial Services Regulatory Commission or the Government of St. Kitts to conduct corporate business in or from within St. Kitts as of January 11th, 2011. Please be guided accordingly.
eCash International Limited
Please be advised that eCash International Limited, Clubfreedom and/or individuals associated with this entity are claiming to be “authorised” by the Government of St. Kitts to conduct insurance and investment business in or from within the Federation of St. Kitts and Nevis.
eCash International Limited and/or Clubfreedom is not, and has never been licensed to conduct insurance, investment business or any other business, nor is the entity incorporated in the Federation of St. Kitts and Nevis.
Perpetual Wealth Trust (St. Kitts) Ltd.
Please not that the company, Perpetual Wealth Trust (St. Kitts) Ltd and/or individuals associated with this entity are no longer "authorized” by the Government of St. Kitts to conduct trust business in or from within St.Kitts.
Pacific Reinsurance Company Ltd.
It has been brought to our attention that Pacific Reinsurance Company Ltd. and/or individuals associated with this entity are claiming to be “authorised” by the Government of St. Kitts to conduct insurance or re-insurance business in or from within St. Kitts.
Pacific Reinsurance Company Ltd. is not, and has never been licensed to conduct insurance or any other business in St. Kitts, nor is it registered in St. Kitts.
The address of P O Box 281, The Rose Building, 6 Rosemary Lane, Basseterre, St. Kitts, is not the physical address of that particular company.”
Olint Corp or Olint Corporation
It has been brought to our attention that Olint Corp or Olint Corporation and/or individuals associated with this entity are claiming to be “authorised” by the Government of St. Kitts to conduct investment business (currency trading in particular) in or from within St. Kitts.
Neither Olint Corp nor Olint Corporation has ever been licensed to conduct investment or any other business in St. Kitts.
Underwriters Reinsurance Co. Ltd.
It has been brought to our attention that Underwriters Reinsurance Co. Ltd. and/or individuals associated with this entity are claiming to be “authorised” by the Government of St. Kitts to conduct insurance or re-insurance business in or from within St. Kitts.
Underwriters Reinsurance Co. Ltd. is not and has never been licensed to conduct insurance or any other business in St. Kitts, nor is it registered in St. Kitts.
The address of P O Box 281, The Rose Building, 6 Rosemary Lane, Basseterre, St. Kitts, is not the physical address of that particular company.
United Financial and Reinsurance Ltd.
It has been brought to our attention that United Financial and Reinsurance Ltd. and/or individuals associated with this entity are claiming to be “authorised” by the Government of St. Kitts to conduct insurance or reinsurance business in or from within St. Kitts.
United Financial And Reinsurance Ltd. is not and has never been licensed to conduct insurance or any other business in St. Kitts, nor is it registered in St. Kitts.
The address of P O Box 281, The Rose Building, 6 Rosemary Lane, Basseterre, St. Kitts, is not the physical address of that particular company.
Standard Credit Union
It has been brought to our attention that Standard Credit Union and/or individuals associated with this entity are claiming to be “authorised” by the Eastern Caribbean Central Bank to conduct the business of banking in St. Kitts.
Standard Credit Union is not and has never been licensed to conduct banking or any other business in St. Kitts, nor is it registered in St. Kitts.
The post office box number listed in the address of P O Box 90, Basseterre, St. Kitts, is not registered in the name Standard Credit Union.
Global Financial Associates
It has been brought to our attention that Global Financial Associates and/or individuals associated with this entity are claiming to be “authorised” by the Government of St. Kitts to conduct investment business in St. Kitts.
Global Financial Associates is not and has never been licensed to conduct banking or any other business in St. Kitts, nor is it registered in St. Kitts.”
Sentry Global Trust Limited
Please not that the company, Sentry Global Trust Limited and/or individuals associated with this entity are no longer "authorized” by the Government of St. Kitts to conduct trust business in or from within St.Kitts as of May 5th, 2009.
Sentry Global Securities Limited
Please not that the company, Sentry Global Securities Limited and/or individuals associated with this entity are no longer "authorized” by the Government of St. Kitts to conduct investment business in or from within St.Kitts as of May 5th, 2009.
Titan Capital Securities Limited
Please not that the company, Titan Capital Securities Limited and/or individuals associated with this entity are no longer "authorized” by the Government of St. Kitts to conduct trust business in or from within St.Kitts as of July 9th, 2009.
|
