The Global Forum rated Saint Kitts and Nevis overall Largely Compliant with the international standard on transparency and exchange of information (EOI) on requests handled over the period from 1 July 2014 to 30 June 2017. Since its 2014 report, Saint Kitts and Nevis has taken measures to address some of the deficiencies identified, in particular, by developing its EOI network with all relevant partners; and monitoring the handling of incoming EOI requests. As a result, the response time to requests for information generally decreased and peers noted the good quality of the responses. On the transparency side, Saint Kitts and Nevis’ legal framework is generally in line with the international standard, and while it is noted that the supervision of licensed service providers was increased to ensure they maintain ownership information, further supervisory measures are required to ensure that certain companies and partnerships maintain legal and beneficial ownership information, and that all entities and legal arrangements maintain accounting information.
Read the news release