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[New post] Govt strengthens Financial Intelligence Unit; Vila mayor rebuts Opposition claims

WordPress.com bobmakin posted: " Vanuatu is not yet being blacklisted as alleged by the Vanuatu International Financial Centre, yesterday, the Office of the Prime Minister states. Vanuatu is in the process of improving its compliance processes where money laundering and proceeds of c" Respond to this post by replying above this line New post on Vanuatu Daily Digest Govt strengthens Financial Intelligence Unit; Vila mayor rebuts Opposition claims by bobmakin Vanuatu is not yet being blacklisted as alleged by the Vanuatu International Financial Centre, yesterday, the Office of the Prime Minister states. Vanuatu is in the process of improving its compliance processes where money laundering and proceeds of corruption are concerned. This puts us on a grey list of jurisdictions being ever more closely watched by the OECD. The government is strongly emphasizing that financial stakeholders must abide by legislation and policy directions and work with government to meet international requirements. The Vanuatu International Finance Centre is seen as stubborn in its refusal to comply in various ways with legal requirements. The government Financial Intelligence Unit is being increased in strength to help compliance. Some of the detained former MPs have been transferred to the low risk communal facility. Those with Read more of this post bobmakin | March 12, 2016 at 5:04 pm | Tags: financial services, OECD, politics, Port Vila Municipal Council, Vanuatu | Categories: The Daily Digest | URL: http://wp.me/p2A4RK-YA Comment    See all comments Unsubscribe to no longer receive posts from Vanuatu Daily Digest. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://ift.tt/22awx5u Thanks for flying with WordPress.com

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