St Kitts Nevis FSRC

Mandatory AML/CFT/CPF Checks for Financial Institutions and DNFBPs

The Financial Services Regulatory Commission (FSRC) of St. Kitts and Nevis has issued its January 2026 newsletter (Issue No. 139) reiterating that Anti-Money Laundering/Countering the Financing of Terrorism/Countering Proliferation Financing (AML/CFT/CPF) checks are mandatory for regulated Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs). The FSRC signals that by 2026, regulatory expectations will require firms to replace manual processes with automated, AI-driven systems for sanctions screening, PEP identification, adverse media checks, and transaction monitoring. Non-compliance with AML/CFT/CPF requirements can result in massive fines, suspension, or revocation of licences.

Financial Inclusion Benefits for All

The Financial Services Regulatory Commission of St. Kitts and Nevis published its February 2026 newsletter providing educational content on financial inclusion. The newsletter covers the definition and benefits of financial inclusion, common barriers such as limited financial literacy and high banking costs, the role of technology including mobile banking and FinTech innovations, and the connection between financial inclusion and economic growth.

Countering the Financing of Terrorism: Definition, Risk, and Best Practices

The FSRC of St. Kitts and Nevis published its March 2026 newsletter on Countering the Financing of Terrorism (CFT), covering definitions of terrorist financing, risk assessment frameworks (threats, vulnerabilities, consequences), high-risk channels (NPOs, hawala, virtual assets), and public/private sector mitigation measures. The newsletter references the Anti-Terrorism Act amendments (Sections 114-119) and Anti-Terrorism (Targeted Financial Sanctions Listing) Regulations No. 13 of 2023.