A delegation comprised of representatives from the International Monetary Fund (IMF), the World Bank, and the Caribbean Financial Action Task Force (CFATF) arrived in Grenada this week to assess the jurisdiction's regulatory and anti-money laundering regimes.
According to Dow Jones Newswires, which reported on the visit, the team is set to assess the strengths and weaknesses of the Grenadian financial system, with particular regard to the banking sector, the non-banking financial sector, and the implementation of anti-money laundering legislation.
Grenada was removed from the FATF's list of countries considered vulnerable to money laundering activity in February.
Speaking following the arrival of the seven member delegation on Tuesday, Prime Minister Keith Mitchell announced that:
'We look forward to your recommendations, since we are committed to making the financial services sector a viable part of our diversification efforts.'
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