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Proceeds of Crime (Amendment) Act, 2018 (No. 7 of 2018).

Main Region

First Region

Grenada
Criminal and penal law
2018
National
Law, Act

Second Region

Persons carrying on the below mentioned businesses are now required to be registered with the Anti-Money Laundering and Combating Terrorism Financing Commission and pay a Registration Fee:

Banks
Car Dealers
Casino Operators
Credit Unions
Dealers in Precious stone and precious metals
Designated Non-Financial Businesses and Professions (DNFBPs)-including Lawyers, Law Firms Accountants and Auditors
Insurance Companies
Money Service Businesses
Non-Profit Organizations
Real Estate Businesses
Failure to register with the Anti-Money Laundering and Combating Terrorism Financing Commission constitutes an offence which incurs an initial fine upon Summary Conviction of Five Thousand Dollars, (EC$5000.00) and a recurring fee of Three Hundred Dollars (EC$300.00) for each day that the offence continues.

Entry dates region

    Date of entry into force
    2019-01-01
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Basic Text region

Electronic region