A Module 2 assessment is described in SM/00/136, Offshore Financial Centers—The Role of the IMF.
The Offshore Group of Banking Supervisors.
Eight of these licensees are reported to be affiliates of foreign CSPs that are supervised in other jurisdictions under requirements that are broadly similar to those of Anguilla.
Legislation for CSPs was amended in December 2000.
Exchange rates: US$1.00 = EC$2.68 (fixed)
Eight of these licensees are reported to be affiliates of foreign CSPs that operate and are supervised under requirements that are broadly similar to those of Anguilla.
The FSF stated in its press release of May 26, 2000, “It is important to stress that the categorization of OFCs into these three groupings is based on responses of OFC supervisors and the impressions of a wide range of onshore supervisors at a particular point in time. The categorization does not constitute judgments about any jurisdiction’s adherence to international standards.”
An offshore banking license was granted to an international bank operating in the domestic market. However, the license has remained dormant and there are no plans to activate it in the foreseeable future.
The assessment was conducted by Mr. Manuel Vasquez (Mission Chief, MFD); Ms. Margaret Cotter and Mr. Stuart Yikona (both LEG); Ms. Candice Huggins (Technical Expert); and Mr. Pierre Lapaque (Independent Law Enforcement Expert, Organization of American States–CICAD9). Ms. Cotter, Ms. Huggins and Mr. Lapaque were part of a larger OFC mission led by Mr. Vasquez to both Anguilla and Montserrat during October 21 – November 1, 2002.
Throughout this report, the assessments relating to law enforcement conducted by the IAE are shown in italics.
1999 UK Review of Financial Regulation in the Caribbean Overseas Territories and Bermuda.
White Collar Crime Investigation Team is a joint UK/US police unit based in Florida, USA.