Watch Lists and Warnings


Watch Lists

The International Financial Services Authority, as the Regulatory body that registers and licenses international financial entities and practitioners, plays a key role in ensuring that the financial services sector is not facilitating terrorism and money laundering activities.  All financial institutions must abide by the Proceeds of Crime and Money Laundering Act, 2001 (a copy can be found on this website).

On this page, you will find lists of individuals and entities with which Vincentian registered companies should not be doing business.  As new information becomes available, we will update this page.

The National Anti-Money Laundering Committee of St. Vincent and the Grenadines , the official body which sets policy on matters of Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) has officially adopted United Nations Resolution 1267 as our national terrorist watchlist.  This Resolution lists all individuals and entities affiliated with Al-Qaida and the Taliban.  No individual or entity should be conducting business with the individuals and entities on this list.  For your convenience, we have provided a link to Resolution 1617 which extends Resolution 1267, Resolution 1267 and its Terrorism watch list.

Resolution 1617 (2005)
http://www.un.org/Docs/sc/unsc_resolutions05.htm

Resolution 1267(1999)
http://www.un.org/Docs/scres/1999/sc99.htm

UN Terrorist Watch List
http://www.un.org/Docs/sc/committees/1267/1267ListEng.htm

Links to other AML/CFT websites and watch lists are listed for your convenience.  Individuals and entities listed on these watch lists would be considered high risk and should be handled accordingly.

US Agencies

• Office of Foreign Assets Control, Special Designated Persons and Blocked Persons list:   http://www.treas.gov/offices/enforcement/ofac/sdn/
• Financial Crimes Enforcement Network (FinCEN):  http://www.fincen.gov/
• Office of the Controller of the Currency (OCC):  http://www.occ.treas.gov/
• Federal Deposit Insurance Corporation (FDIC):  http://www.fdic.gov/
• Federal Reserve Board (FRB):  http://www.federalreserve.gov/
• Office of Thrift Supervision (OTS):  http://www.ots.treas.gov/
• National Credit Union Administration (NCUA):  http://www.ncua.gov/
• US Department of Treasury:  http://www.ustreas.gov/
• US State Department:  http://www.state.gov/

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International Organizations

• Financial Action Task Force (FATF):  http://www.oecd.org/fatf/index.htm
• Caribbean Financial Action Task Force (CFATF):  http://www1.oecd.org/fatf/Ctry-orgpages/org-cfatf_en.htm
• Organization of American States (OAS):  http://www.cicad.oas.org/
• United Nations Office for Drug Control and Crime Prevention:  http://www.undcp.org/
• Financial Transactions and Reports Analysis Centre of Canada:  http://www.fintrac.gc.ca/intro_e.asp
• Bank for International Settlements (BIS), Basle Committee:  http://www.bis.org/
• Interpol:  http://www.interpol.int/

Others

• www.loc.gov  - for US government information
• www.guidestar.org  - a website of every licensed charity
• www.pac-info.com  - databases from around the world
• www.findinformation.homestead.com  - databases from the US
• www.freeality.com  - general search engine
• www.msb.gov  - FinCEN website for money transmitter businesses

Warnings

There are financial institutions out there that falsely claim they are registered or licensed in our jurisdiction.  Their purpose for doing this is more than likely for illicit reasons and potential customers should be very cautious about conducting business with them.  As we hear about these institutions, we will post them to this area.

This page may also be used to alert investors to other relevant matters.

• In June 2007, the St Vincent and the Grenadines International Financial Services Authority (IFSA) became aware that there is a company which illegally using a modified version of our website to promote its business. 

   

  Please note that IFSA is a regulatory body and does not conduct money transfer or any similar type of business and is not affiliated with any company which does.
   

• The International Financial Services Authority revoked the license of STB Swiss Trust Bank Ltd. (44 BK 2001) on the 27th December 2006.  The bank now has to appoint a liquidator.  Please be advised that this bank is no longer license to conduct any business.
   

• The company Electronic Financial Services is not a licensed Registered Agent or Service Provider in St. Vincent and the Grenadines and therefore has no authority to provide St. Vincent and the Grenadines Company Incorporation Services.
  
  All information appearing on the website http://incorporateacompany.com is therefore false, erroneous and misleading.
   

• On the 2^nd August 2006, the company named MOSAIC FINANCE alleged to be registered in St. Vincent and the Grenadines on the 6^th December 2005 bearing registration No: 9821 IBC 2005 and purports to bear the signature of the Registrar of IBC does not appear on the Registrar of IBC In St. Vincent and the Grenadines.

  Information relating to MOSAIC FINANCE appearing on website http://mosaicfin.co.uk and on the Certificate on Incorporation, http://mosaicfin.co.uk/license.gif, is erroneous, false and misleading.
  
  

• In the recent past Herald Funds LLC claimed to be established in St. Vincent .  This company was never registered by IFSA and their contact address in St. Vincent does not exist.  Their website was www.heraldfunds.com.  This website was removed in July/August 2005.
   

• In March 2005, it came to our attention that a company called Lincoln Roche of 12 Kingstown Road, St. Vincent and the Grenadines was soliciting funds from the public.  This company is not and has never been registered in St. Vincent and the Grenadines.  Also, the address given is not a valid address in our jurisdiction, neither is the telephone number.  It appears that the company wrongfully used our jurisdiction to promote their business.
   

• In October 2005, it came to our attention that a company called FlexiCapitalSaver or FCS with an address at CNR of Granby Street and Sharpe Street, Suite K2102, Kingstown, St. Vincent and the Grenadines was soliciting business from the public. This company is not and has never been registered in St. Vincent and the Grenadines. Also, the address given is partially invalid and the telephone number is not operational. It appears that the company wrongfully used our jurisdiction to promote their business.

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