Industry Update


  1. COVID19 Notice - Remote Work
  2. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the second draft Anguilla Business Companies (“ABC”) Regulations. Please see the attached documents in relation to this public consultation:
    1. Consultation Note: The Anguilla Business Companies (“ABC”) Regulations,
    2. The second draft The Anguilla Business Companies (“ABC”) Regulations

    Kindly submit your comments no later than Thursday, 22nd April, 2021 to the Commission at sherine.brooks@afsc.ai
  3. Save The Date
    Virtual consultation
    The Anguilla Business Companies (“ABC”) Legislation

    The Ministry of Finance in collaboration with the Anguilla Commercial Registry intends to hold a virtual consultation on Thursday, 22 April 2021 at 8:00am.

    The Anguilla Business Company legislation is part of an ongoing legislative reform towards the update of the Anguilla’s companies regime. The Anguilla Business Company legislation will provide for a flexible companies regime that increases the types of legal structures that can be formed. The Anguilla Business Company Bill specifically, allows for the incorporation of companies that can conduct business globally, and/or domestically in Anguilla while complying with international standards.

    The Ministry of Finance hereby invites persons to join the consultation session on the Anguilla Business Company legislation via the following link.

  4. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the second draft Anguilla Business Companies (“ABC”) Bill. Please see the attached documents in relation to this public consultation:
    1. Consultation Note: The Anguilla Business Companies Bill (“the ABC Bill”),
    2. The second draft Anguilla Business Companies (“ABC”) Bill,
    3. Comments and responses from the first draft Anguilla Business Companies (“ABC”) BillThe second draft Anguilla Business Companies (“ABC”) Bill,

    Kindly submit your comments no later than Thursday, 22nd April, 2021 to the Commission atsherine.brooks@afsc.ai
  5. FATF Public Statement - (Jurisdictions under Increased Monitoring - February 2021) – 25 February 2021
  6. FATF Public Statement – (High-Risk Jurisdictions subject to a Call for Action) – 25 February 2021
  7. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the draft Anguilla Business Companies Regulations, 2021. Please see the attached documents in relation to this public consultation:
    1. Consultation Note: The Anguilla Business Companies (“ABC”) Regulations
    2. Draft Anguilla Business Companies Regulations, 2021

    Kindly submit your comments no later than Friday, 9th April, 2021 to the Commission atsherine.brooks@afsc.ai
  8. GFIN Announcement
  9. UK Sanctions List - 31 December 2020
  10. CFATF Public Statement – CFATF Public Statement on Sint Maarten, LI Plenary held virtually, December 11th, 2020
  11. FATF Public Statement - (Public Statement on Countering Proliferation Financing) – 23 October 2020
  12. FATF Public Statement – (High-Risk Jurisdictions subject to a Call for Action) – 23 October 2020
  13. FATF Public Statement – (Jurisdictions under Increased Monitoring) – 23 October 2020
  14. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the draft Securities and Investment Funds Bill. Please see the attached documents in relation to this public consultation:
    1. Consultation Note: The draft Securities and Investment Funds Bill;
    2. Darft Securities and Investment Funds Bill

    Kindly submit your comments no later than Monday, 11th January, 2021 to the Commission at sherine.brooks@afsc.ai
  15. Record Retention Guidelines
  16. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the draft Anguilla Business Companies (“ABC”) Bill and Variable Capital Companies (“VCC”) Bill.
    Please see the attached documents in relation to this public consultation:
    1. 1. Consultation Note: The draft Anguilla Business Companies (“ABC”) Bill and Variable Capital Companies (“VCC”) Bill,
    2. Draft Anguilla Business Companies (“ABC”) Bill,
    3. Draft Variable Capital Companies (“VCC”) Bill and
    4. Objects and Reasons Anguilla Business Companies (ABC) Act 2020.

    Kindly note that the consultation period has been extended to 14 December 2020. Please submit your comments to the Commission sherine.brooks@afsc.ai
  17. CFATF Public Statement – 28 July 2020
  18. FATF Public Statement – (Jurisdictions under increased Monitoring) - 21 February 2020
  19. FATF Public Statement – (High risk jurisdictions subject to a Call for Action) - 21 February 2020
  20. FATF Public Statement – (Jurisdictions under increased Monitoring) – 30 June 2020
  21. FATF Public Statement – (High risk jurisdictions subject to a Call for Action) – 30 June 2020
  22. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the draft Anguilla Special Trust Bill (“ASTrA Bill”).
    Please see the attached documents in relation to this public consultation:
    1. The Draft Anguilla Special Trust Bill (“ASTrA Bill”) Consultation Note
    2. Draft Anguilla Special Trusts (ASTrA) Act, 2020

    Kindly submit your comments no later than Monday, 19th October, 2020 to the Commission sherine.brooks@afsc.ai
  23. Dear Financial Services Market Participant,
    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the draft Trust and Corporate Services Providers Bill (“TCSP Bill”).
    Please see the attached documents in relation to this public consultation:
    1. TCSP Bill, 2020
    2. TCSP Prudential Returns Regulations 2020
    3. Trust and Corporate Service Providers (Fees) Regulations 2020
    4. Trust and Corporate Services Providers Bill - Consultation Note
    5. Trust companies and offshore banking (amendment) bill, 2020

    Kindly submit your comments no later than Monday, 12th October, 2020 to the Commission at sherine.brooks@afsc.ai
  24. NOTICE: SUBSTANTIAL ACTIVITIES REQUIREMENTS GUIDANCE - 15 May 2020
    Please see the attached document which the Anguilla Financial Services Commission has been asked to publish on behalf of the Registry of Commercial Activities.
    Kindly note that the content of this document and the views, information and opinions expressed within the said document are those solely of the Registry of Commercial Activities and do not necessarily reflect the views, opinions, official policy or position of the Anguilla Financial Services Commission. Neither the Anguilla Financial Services Commission nor any person acting on its behalf may be held responsible for the use which may be made of the content, views, opinions and information contained therein.

    Substantial Activities Requirements 15 May 2020
    Anguilla Substantial Activities Requirements Guidance May 2020

  25. Statement by the FATF President: COVID-19 and measures to combat illicit financing
  26. AFSC COVID-19 Statement on Expectations for Domestic Insurers
  27. AFSC Coronavirus Statement, March 20 2020.
  28. Dear Financial Services Market Participant,
    Public Consultation - Comments invited on the following:
    1. Amendments to the Anguilla Utility Token Offering Act, 2018
    2. Amendments to the Anti-Money Laundering and Terrorist Financing Regulations
    3. Draft Anguilla Utility Token Offering (Qualified Company) Regulations
    4. Amendments to the Anguilla Utility Tokens Offering (Anti-Money Laundering) Regulations 2018
    5. Amendments to the Anguilla Utility Tokens Offering (Application Process) Regulations 2018
    6. Amendments to the Anguilla Utility Tokens Offering (Levy) Regulations 2018
    7. Amendments to the Anguilla Utility Tokens Offering (White Paper) Regulations 2018

    The Anguilla Financial Services Commission invites service providers in the financial services industry and the general public to submit comments on the amendments to the Anti-Money Laundering and Terrorist Financing Regulations, amendments to the Anguilla Utility Tokens Offering Act, 2018 and related Anguilla Utility Tokens Offering Regulations as noted above.

    This consultation is intended to identify any major areas of concern with the amendments. All comments should be submitted by the close of business on 25 March 2020 and emailed to the attention of Ms. Charonay Carty at Charonay.Carty@afsc.ai.
  29. Guidance Notes for the Reporting of SARs Guidance Notes for the Reporting of SARs 10 February, 2020

    Please see the attached document which the Anguilla Financial Services Commission has been asked to publish on behalf of the Financial Intelligence Unit.


    Kindly note that the content of this document and the views, information and opinions expressed within the said document are those solely of the Financial Intelligence Unit and do not necessarily reflect the views, opinions, official policy or position of the Anguilla Financial Services Commission. Neither the Anguilla Financial Services Commission nor any person acting on its behalf may be held responsible for the use which may be made of the content, views, opinions and information contained therein.

  30. FATF Public Statement - October 2019 FATF Public Statement - October 2019
  31. CFATF Public Statement on Sint Maarten at L Plenary St. Johns, Antigua and Barbuda CFATF Public Statement on Sint Maarten at L Plenary St. Johns, Antigua and Barbuda, November 27th,2019
  32. Responses to Industry re. Anguilla Utility Tokens Exchange Regulations - October 2019 Responses to Industry re. Anguilla Utility Tokens Exchange Regulations
  33. FATF Public Statement – June 2019
  34. Wire Transfer Payments made via NCBA
  35. Themed Examinations Report for 2016 and 2017
    The Anguilla Financial Services Commission (the “Commission”) has today issued its Themed Examinations Programme Report for 2016 and 2017. The Commission has assessed service providers’ compliance with the Anti-Money Laundering and Terrorist Financing Legislation. The report highlights the areas where service providers’ performance is deficient and provides high level comments on recommended remedial actions.
  36. Public Consultation: Comments Invited on Anguilla Utility Tokens Exchange Regulations (Draft)
    The Ministry of Finance, Economic Development, Commerce, Investment and Tourism invites service providers in the financial services industry, clients and the general public to submit comments on the draft Anguilla Utility Tokens Exchange Regulations.
    This consultation is intended to identify any major areas of concern with the draft regulations. All comments should be submitted by the close of business on 15 May, 2019 and emailed to the Financial Services Commission to the attention of Ms. Charonay Carty at Charonay.Carty@afsc.ai.
    Have a wonderful and productive day.
    1. [Draft] Anguilla Utility Token Exchange (Anti-Money Laundering and Terrorist Financing) Regulations 15 Mar 19
    2. [Draft] Anguilla Utility Token Exchange (Application Process) Regulations 15 Mar 19
    3. [Draft] Anguilla Utility Token Exchange (Levy) Regulations 15 Mar 19
    4. Responses to Industry Comments re. Anguilla Utility Tokens Exchange Act 26 April 2019
  37. Dear Financial Services Market Participant,
    The UWI Open Campus in collaboration with the Ministry of Finance, Anguilla Financial Services Commission, Anguilla Compliance Association and Anguilla Commercial Registry presents “The Compliance & Tax Transparency Standards Workshop” at the Teachers Resource Centre, The Valley on April 16, 2019 from 8:30 am - 11:00 am.
    1. Compliance Workshop Agenda
    2. Compliance with Tax Standards
    3. The Future of Company Management: Substance, Compliance and Opportunity
  38. Press Announcement _ Deputy Director
  39. FATF Public Statement – February 2019
  40. Anguilla Utility Tokens Exchange Act (draft)
  41. Public Consultation - Draft Anguilla Utility Tokens Exchange Act
  42. Director of FSC Announced
  43. Mr Ralph Hodge appointed Chairman of Board of Directors
  44. Release - FSC Enters into Agreement with NAIC - 3 January 2019
  45. MOU between The Anguilla Financial Services Commission (AFSC) and The National Association of Insurance Commissioners (NAIC)
  46. Dear Financial Services Market Participant,

    The Anguilla Financial Services Commission advises its licensees that the Government of Anguilla has made amendments to the International Business Companies Act, R.S.A. c. I20 to prohibit the issuance of bearer shares and to require the conversion of any issued bearer shares to registered shares.
    Please see attached the following:
    1. Announcement from the Anguilla Financial Services Commission
    2. International Business Companies (Amendment) Act, 2018
  47. CFATF Public Statement October 2018
  48. CFATF Public Statement June 2018
  49. CFATF Public Statement May 2018
  50. Industry Day Agenda - 3 December 2018
  51. Notice of Amendments to Insurance Legislation for PARCs
  52. Save the Date - AFSC Industry Day
  53. NEWS RELEASE - CFATF – November 2017
  54. PRESS RELEASE - FATF – February 2018
  55. News Release- Anguilla Financial Services Commission Recognized for its Staff’s Expertise in Captive Insurance
  56. Beneficial Ownership Press Release
  57. United Kingdom and Anguilla Exchange of Notes
  58. Guidelines on Corporate Governance
    International Standards require supervisors to set standards for their regulated entities to establish and implement corporate governance frameworks, which provide for a sound and prudent management and oversight of the business and adequately recognize and protect the interests of consumers. These Guidelines set out the FSC’s expectations for effective corporate governance practices and procedures of licensees in accordance with International Standards.
  59. Guidelines on Consolidated Supervision
    International Standards require supervisors to ensure that adequate coordination arrangements are in place with supervisors in other jurisdictions in order to enable cross-border issues involving licensees with operations in more than one jurisdiction to be addressed and to facilitate the comprehensive oversight of these licensees. These Guidelines set out the Commission’s expectations relating to the effective consolidated supervision of licensees.
  60. Guidelines on Business Continuity Management
    To enhance the resilience of the financial sector and to minimize the potential impact of a major operational disruption, licensees should have a business continuity management framework in place. These Guidelines set out the FSC’s expectations for implementation of a framework for effective business continuity management in accordance with International Standards.
  61. Notice to Industry Partners ECCU
  62. Press Release - Government of Anguilla announces launch of its National Risk Assessment exercise
  63. New Reporting Forms for Class A Insurers
    1. Domestic Insurance - Annual Return Forms
    2. Insurance - A Forms - Background Information
    3. Insurance - B Forms - Main Financial Statements
    4. Insurance - C Forms - Details on Balance Sheet (Form B.1)
    5. Insurance - D Forms - Operating Details - Income Statement
    6. Insurance - Q Forms - Quarterly Filing Requirements
  64. All Licensees:

    Please be reminded that all annual licence fees are due and payable by 15th January of the licence year. This year, January 15th falls on a Sunday. The Commission has taken this into consideration and will allow licensees who have not paid their annual fees to do so no later than Monday, January 16th, 2017. Payments received after January 16th will incur the applicable late penalty fees as per Regulations.
  65. Guidelines on Audit Exemption Applications by Certain Captive Insurers (revised 2016)
  66. Overseas Agents in a Changing Regulatory Environment
    Please note the following attachments:
    1. Notice - 31 October 2016 – Overseas Agents in a Changing Regulatory Environment
    2. Revised Consultation Paper – August 2016
    3. Comments received from financial services industry on the Consultation Paper circulated in March 2016 and Revised Consultation Paper circulated in August 2016
    The enclosed recommendation becomes effective 1 January 2017.
  67. High Risk and Non-Cooperative Jurisdictions October 2016
  68. Themed Examinations Programme Report- Compliance with AML-CFT Requirements
  69. 2014 Themed findings of AML-CFT Inspections
  70. Offshore Banks - News Release
  71. FAFT guidance notes on money services
  72. NRSP Registration - Real Estate Agents
  73. NOTICE - ENRSP (Amendment) Regulations, 2015
  74. Press statement by Hon AG – CFATF approval of Anguilla exit from the Third Round Follow-Up Process
  75. Summary of Harmonised Credit Reporting Bill and Regulations (22 April 2015) The Eastern Caribbean Central Bank ("ECCB") would appreciate any comments you may have on the attached summary of the main provisions of the final draft of the Harmonised Credit Reporting Bill and Regulations. The Bill and Regulations are for the purpose of governing the operations of a credit bureau for the Eastern Caribbean Currency Union ("ECCU"). The ECCU Credit Bureau is being developed with technical assistance from the International Finance Corporation, with financing from the Canadian Department of Foreign Affairs, Trade and Development. One of the main objectives of the ECCU Credit Bureau is to provide lenders with timely access to information about potential borrowers that will enable the lender to assess the risk of lending to those borrowers. The ECCB has asked that your comments be submitted to the Commission for forwarding on to the ECCB by April 30, 2015. Please send your comments to the following email address: info@afsc.ai Thank you for your assistance with this initiative.
  76. Companies Involved in Forex Contracts or Binary Options Business (10 April 2015)

    Companies Involved in Forex Contracts or Binary Options Business

  77. Consultation with key stakeholders on the draft Investment Business Act (01 April 2015) Attached, please find the following from Mr. Gerry Halischuk, Director of the Anguilla Financial Services Commission:

    1. Letter dated 1 April, 2015 - Re: Consultation with key stakeholders on the draft Investment Business Act
    2. Draft Application Form
    3. Draft ancillary forms and fees

    We request that key stakeholders provide their comments on the draft forms and fees by Friday, 1 May 2015. These should be forwarded to Robert Hudson, Deputy Director, at the following email address: info@afsc.ai.

  78. Guidelines for Submission of Applications for Licensing ("Guidelines") (25 February 2015) Attached, please find the following from Mr. Gerry Halischuk, Director of the Anguilla Financial Services Commission:

    1. Letter dated 25 February 2015
    2. Guidelines for Submission of Applications for Licensing
  79. Consultation with key stakeholders on the draft Investment Business Act (18 December 2014) Attached, please find the following from Mr. Gerry Halischuk, Director of the Anguilla Financial Services Commission:

    1. Letter dated 18 December, 2014 - Re: Consultation with key stakeholders on the draft Investment Business Act
    2. Code of Practice for Investment Business
  80. Insurance (Amendment) Regulations, 2014 - New Fee Schedule - Effective 1 January 2015 (04 November 2014) Attached, please find the following from Mr. Gerry Halischuk, Director of the Anguilla Financial Services Commission:

    1. Letter dated 4 December, 2014 - Insurance (Amendment) Regulations, 2014 – New Fee Schedule – Effective 1 January 2015
    2. Insurance (Amendment) Regulations, 2014
  81. 2013 Themed Findings of AML/CFT Inspections (20 October 2014) 2013 Themed Findings of AML/CFT Inspections
  82. Draft Insurance Regulations, 2014 (07 October 2014) Letter dated 7 October 2014 Draft Insurance Regulations, 2014
    We request that key stakeholders provide their comments on the enclosed by Friday, 7 November 2014. These should be forwarded to the attention of Tina Bryan-Bannister, Head of AML/CFT & Legal Services at the following email address: info@afsc.ai.
  83. Consultation with key stakeholders on the draft Investment Business Act (03 October 2014) Attached please find the following from Mr. Gerry Halischuk, Director of the Anguilla Financial Services Commission:
    Letter dated 2 October 2014 Draft Investment Business Regulations, 2014
    We request that key stakeholders provide their comments on the enclosed by Friday, 31 October 2014. These should be forwarded to Robert Hudson, Deputy Director, at the following email address: info@afsc.ai.
  84. Save The Date! Industry Day - Thursday, 2 October 2014 (15 September 2014) Please see attached the final agenda for Industry Day. Grateful if you would confirm your attendance by Wednesday, 24 September 2014.
  85. DATE CHANGE - FATCA - FINANCIAL SERVICES INDUSTRY INFORMATION DAY (10 September 2014) Due to the Ceremonial Opening of the Law Year 2014-2015 on the 17th September, the FATCA INFORMATION DAY event has been moved to the 18th September. We apologise for the confusion. Please find attached the updated document. FINANCIAL SERVICES INDUSTRY INFORMATION DAY 18TH SEPTEMBER 2014 LA VUE, SOUTH HILL, ANGUILLA 8.45am - 4.00pm The Government of Anguilla
  86. Announcement of Director, Anguilla Financial Services Commission (15 August 2014) Press Release - Announcement of Director, Anguilla Financial Services Commission
  87. Beneficial Ownership Consultation Press Release (29 July 2014) Please see attached the Press Release and Consultation paper on Beneficial Ownership which are being circulated on behalf of the Government of Anguilla.
    1. Beneficial Ownership Consultation Press Release
    2. Consultation Paper on Beneficial Ownership Info
    Kindly send your comments to the attention of Perin Bradley at the email address perin.bradley@gov.ai.
  88. Press Release - Ukraine (13 May 2014)
    1. PRESS RELEASE - Ukraine (Order #2)
    2. PRESS RELEASE - Ukraine (Order #3)
  89. Senior Management of the Commission (4 April 2014) Senior Management of the Commission
  90. Notice to Boards of Directors and Senior Management of Licensees 2013 (27 March 2014) Notice to Boards of Directors and Senior Management of Licensees 2013
  91. Press Release - Ukraine (20 March 2014) PRESS RELEASE - Ukraine
  92. Anguilla responds to Ukraine situation (10 March 2014) Anguilla responds to Ukraine situation
  93. Consultation with key stakeholders on the draft Investment Business Act (19 February 2014)
    1. Letter dated 19 February 2014
    2. Consultation Paper - Developing Anguilla’s Investment Business
    3. Draft Investment Business Act
  94. Statement by Governor ECCB Hon. Sir K Dwight Venner: 12 August 2013 (24 September 2013) Statement by Governor ECCB Hon. Sir K Dwight Venner
Contact Information

Anguilla Financial Services Commission
MAICO Building, P.O. Box 1575, The Valley
Phone: +1 264 497 5881
Fax: +1 264 497 5872
Email: info@afsc.ai