Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Show abstract/citation:

Filtered by:
Country: Grenada - Month updated: May 2019

  1. Grenada - - Law, Act

    Proceeds of Crime (Amendment) Act, 2018 (No. 7 of 2018). - Legislation on-line

    Adoption: 2018 | Date of entry into force: 2019-01-01 | GRD-2018-L-108373

    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.


© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer