Anguilla is committed to complying with international standards concerning the prevention and detection of money laundering and terrorist financing. These standards, set by the Financial Action Task Force, are referred to as the FATF Recommendations and cover the prevention and detection of money laundering and terrorist financing.
In order to comply with the international obligations, Anguilla established a legislative framework of anti-money laundering and combating the financing of terrorism. The legislative framework was strengthened in 2009 with the enactment of the Proceeds of Crime Act (“POCA”). POCA is supported by the Anti-Money Laundering and Terrorist Financing Regulations (“AML/CFT Regulations”) and the Anti-Money Laundering and Terrorist Financing Code.
Subsidiary legislation under POCA, as listed under Schedule 2 of the AML/CFT Regulations capture all financial service providers and non-profit organisations.
Useful link: Caribbean Financial Action Task Force