Published 8 May 2017
BASSETERRE, ST. KITTS, MAY 8TH, 2017 (PRESS SEC) – During the recent Article Four (IV) Consultation in St. Kitts and Nevis, International Monetary Fund (IMF) officials affirmed the progress that is continuously being achieved by the Government in strengthening the country’s anti-money laundering and anti-terrorist financing regime.
The IMF team, which visited St. Kitts and Nevis between April 18thand May 3rd, 2017, commended the Government of National Unity, saying: “The authorities have further improved compliance with international AML/CFT [anti-money laundering/combating the financing of terrorism] standards and exchange of information…”
The Federation’s demonstrable commitment to implementing international standards on financial transparency was a focus of the Government’s statement issued today, Monday, May 8th, 2017. It was issued in response to erroneous statements about St. Kitts and Nevis contained in the U.S. Department of State’s 2017 International Narcotics Control Strategy Report, Volume II: Money Laundering and Financial Crimes.