ECCB 2025-2026 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2025 - 2026

Organisational Effectiveness and Development

effective implementation of targeted financial sanctions; and understanding the FATF approach to terrorist financing risk assessment.

among financial regulators, prosecutors, law-enforcement agencies, and financial institutions. The following are noteworthy: i. JointAML/CFTTrainingwiththeDominica Co-operatives Societies League Ltd and the Financial Services Unit - The ECCB presented on the topic, “The Future of Compliance in the Caribbean” at the Annual Regional Compliance Summit held in the Commonwealth of Dominica over the period 24 to 25 April 2025. Over 100 participants from the commercial banking, credit union, insurance and offshore banking sectors, and DNFBPs were in attendance. ii. Presentation at the 7 th Joint Meeting of the Attorney General and Chief Parliamentary - The ECCB presented on the topic ‘Anti Money Laundering and Evolving Landscape’ at the 7 th Joint Meeting of the Attorney General and Chief Parliamentary held in Anguilla on 8 May 2025. The presentation provided an overview of the ECCB’s supervisory programme and the performance of ECCU member countries during the 4 th Round Mutual Evaluation Reviews. The ECCB provided recommendations to the member countries regarding the need for ongoing collaboration as the region prepares for the upcoming 5 th Round Mutual Evaluation Review. iii. Joint AML/CFT Training Enhancing AML/CFT/CPF Compliance through Effective Implementation - The ECCB and Office of National Drug and Money Laundering Control Policy of Antigua and Barbuda facilitated a joint training for financial institutions on 21 May 2025. The ECCB presented on the topic ‘AML/

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b. AML Virtual Learning Campus: The ECCB continued its AML Virtual Learning Campus, through the ACAMS Enterprise Membership programme. Topics included evaluating risks associated with high-net-worth global customers, enhanced due diligence (EDD) in wealth management and private banking, and trade-based money laundering involving dual-use goods. They also covered the use of human intelligence in EDD, transitioning to an intelligence-led approach, and core competencies for Bank Secrecy Act Officers and Money Laundering Reporting Officers. Additional topics included EDD investigations and report writing, the misuse of artificial intelligence by criminals, the impact of strategic corruption on financial institutions, navigating the evolving AI landscape for anti financial crime programmes, onboarding marijuana-related businesses, incentivising a risk-based approach, detecting and disrupting money mule networks using technology, and the application of artificial intelligence in anti financial crime, sanctions screening, and transaction monitoring. c. Industry AML/CFT/CPF Training: the ECCB led multiple training and capacity-building initiatives aimed at inclusion and strengthening the overall AML/CFT/CPF framework within the ECCU. These initiatives resulted in regional knowledge-sharing, improved AML/CFT/CPF compliance, and strengthened coordination

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