Douglas said that St. Kitts and Nevis will host the 28th Plenary and 25th Ministerial Meeting of the Caribbean Financial Action Task Force (CFATF) from November 17. The event will host officials from CFATF Member Territories, and the meeting is expected to attract 160 delegates.

“We want to ensure that our jurisdictions – the Nevis Financial Services and the St. Kitts Financial Services – do not support in any way the use of the Federation and its services for money laundering and for the support of terrorism and its financing,” said Prime Minister Douglas.

St. Kitts and Nevis currently serves as Deputy Chair of the Caribbean Financial Action Task Force (CFATF).

The meetings planned for late November are part of an ongoing commitment to enforce stricter regulation in the twin-island federation's financial institutions and ensure that the jurisdiction remains off the Financial Action Task Force (FATF) 'blacklist'.

The principal focus of the CFATF assessments is to bring all of its member countries into compliance with what are known as the FATF's “forty plus nine” recommendations. These recommendations are geared towards strengthening the financial services regulatory framework in member countries to detect and prevent money laundering and terrorism financing.