Page 22 - Mutual Evaluation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. The Cayman Islands' ability to regulate and attract persons and entities that deal with virtual assets as a business is now strengthened, with the commencement of legislation for virtual asset service providers (VASPs). In Cayman, a virtual asset is a digital representation of value that can be electronically traded and used for investment purposes. A common type of virtual asset is a cryptocurrency. The VASPs legislation allows for the supervision of persons and entities who are involved i...

GIABA Restores Liberia’s Financial Intelligence Unit membership GIABA Restores Liberia’s Financial Intelligence Unit membership Share MONROVIA – The Financial Intelligence Unit of Liberia appreciates the Inter- Governmental Action Group Against Money Laundering in West Africa (GIABA) for restoring Liberia downgraded status over the period of one year. The decision was reached during the just ended 34 th Plenary, held in Somone, Senegal from December 4-14, 2020. The decision taken by the regional body on Liberia was due to the country’s progress in addressing some of the deficiencies i...

With the exit of Liberia from the enhanced expedited reporting process, the Financial Intelligence Unit (FIU) of Liberia has announced Liberia’s automatic removal from its previous downgraded status by the Inter-Governmental Action Group against Money Laundering and Terrorist Financing in West Africa (GIABA). GIABA is a specialized institution of the Economic Community of West African States (ECOWAS) responsible to facilitate the adoption and implementation of anti-money laundering and countering the financing of terrorism (AML/CFT) measures. The decision taken by GIABA’s regional body on...