NIA CHARLESTOWN NEVIS (March 06, 2017) — Premier of Nevis and Minister of Finance Hon. Vance Amory, appealed to financial service industry practitioners on Nevis to endeavour to do all they could to safeguard the jurisdiction because of the industry’s importance to the island’s economy.
Mr. Amory’s appeal came while delivering an address at the opening ceremony of a two-day Nevis Financial Services (Regulatory and Supervision) Department’s 2017 Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) Awareness Seminar and Training Workshop, at the Four Seasons Resort on March 07, 2017. The seminar’s theme is “Increasing Awareness through Smarter Compliance- Forging New Connections to Combat Financial Crime.”
“This industry means a very great dear to the Nevis Island Administration. Roughly, we collected last year, over $12 million from this industry and that is on the bare number, 10 percent of the annual budget… (more…)