AML RULES BEING STRENGTHENED IN HIGH-RISK VANUATU
May 1st, 2018
AS in the Caribbean, small island jurisdictions in the south Pacific vary regarding their anti-money laundering (AML) exposure through the extent to which they host offshore financial sectors. As a result, when comparing the counties of Vanuatu, Fiji and the Solomon Islands, it is clear which of the three global AML regulators have had to worry about – Vanuatu. It has been struggling to leave behind its notoriety as a money laundering centre, primarily in relation to offshore companies registered in this tax haven. Fiji and the Solomon Islands have smaller ...
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