St. Kitts’ Anti-Money Laundering Regulations 2008St. Kitts’ Anti-Money Laundering Regulations, promulgated in 2008, prescribe identification, record-keeping, and other procedures to be implemented and maintained by any person carrying on a regulated business, in order to prevent money laundering activities.
The following questions have been addressed in this article:What obligation does a relevant person have under the Regulations regarding maintaining a register of money laundering inquiries?
What are the penalties for non-compliance with these Regulations?
Is adherence to the Guidance Notes necessary under the Regulations?