Sunday , October 1 2023

Seminar on the prevention of money laundering, terrorism

On Thursday, November 28, the Ministry of Finance together with the Financial In­telligence Unit in the Netherlands FIU-NL will be hold­ing a seminar on Bonaire on the prevention of money laundering and the financing of terrorism in the Carib­bean Netherlands’ islands Bonaire, St. Eustatius and Saba.

The seminar, intended for service providers that are required to report unusual transactions to the FIU-NL, will take place at Courtyard Marriott Hotel on Tuesday, November 28. One of the topics that will be discussed is the evaluation of the Caribbean Netherlands by the Financial Action Task Force (FATF) in 2021.

The FATF is an intergovernmental task force that for­mulates international standards for combatting money laundering and the financing of terrorism. More than 180 countries worldwide are members of the FATE

The FATF evaluates the 2019-2021 period. That seems a long way off, but to get a good assessment it is deemed important to make an early start with preparations for the evaluation, Government Service Caribbean Nether­lands RCN said Wednesday.

During the seminar participants will be informed about the evaluation of the service sector. Questions that will be dealt with are amongst others: Why are the Carib­bean Netherlands being evaluated by the FATF? What is evaluated? And what does this evaluation mean for service providers?

The Daily Herald.

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