THE COMMISSION

The principal function of the AML/CTF Commission is to implement the Anti-Money Laundering policies of the Financial Action Task Force (FATF) which is an intergovernmental body/organization.
 
Our Vision:
To Develop an Effective National System for Combating Money Laundering and Terrorism Financing.
 
Our Mission:
Ensuring a Robust Financial Infrastructure to Combat against Money Laundering and Terrorism Financing.
 
Establishment of the Commission
The AML/CFT Commission was established pursuant to section 63 of the Proceeds of Crime Act No. 12 of 2012.
 
Purpose of the Commission:
  • To advise the Minister in relation to the detection and prevention of money laundering in Grenada.
  • Issuing amendments to the Proceeds of Crime Act (POCA) Guidelines from time to time.
  • Advise the Minister as to the participation of Grenada in the international efforts against money laundering and terrorist financing.
  • Examining Financial Institution that is regulated under any other enactment.
  • Regulating anti-money laundering activities.
  • Providing education and training.