ECCB 2025-2026 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2025 - 2026

Organisational Effectiveness and Development

led Micro, Small, and Medium Enterprises (MSMEs). The ECCB highlighted efforts to simplify account opening and upcoming amendments to the Banking Act, 2015 requiring LFIs to offer basic bank accounts. These initiatives support reduced barriers to financial access and promote a more inclusive financial ecosystem across the ECCU. e. Protecting Non-Profit Organisation (NPO) Integrity – The ECCB collaborated with the Antigua and Barbuda Intellectual Property and Commerce Office (ABIPCO) to advance financial integrity for non-profit organisations (NPOs). This engagement took place in Antigua on 18 September 2025 and formed part of ABIPCO’s 2 nd educational outreach seminar, “Lunch and Learn: Strengthening Your Non-Profit Company – Essential Insights on Compliance and Accountability.” The ECCB presented on, “Mitigating the Consequences of Inadequate Procedures and Guarding the Integrity of Non-Profit Organisations”, which provided practical guidance on risk management, compliance obligations, and measures to prevent misuse. The initiative enhanced capacity, reduced sector vulnerabilities, and supported ongoing AML/CFT/CPF knowledge transfer. f. Saint Lucia’s National Risk Assessment Consultations held on 30 October 2025 - The ECCB presented on its assessment of the ML/TF vulnerabilities impacting the banking sector. The assessment included a review of the Legislative framework and adequacy of controls instituted by the domestic, international and development banks. The consultation forms part of the broader

efforts of the country’s National Anti-Money Laundering Oversight Committee (NAMLOC), towards the updating of the National Risk Assessment. A follow-up session was held on 17 November 2025 with the banking sector, to allow for further discussion and feedback on the preliminary assessment. g. National AML/CFT/CPF Oversight - The ECCB continued to serve and contribute to the NAMLOCs on which it sits . The NAMLOCs remain vigilant in monitoring the efforts of agencies to address the outstanding deficiencies outlined in the 4 th round Mutual Evaluations (MEVAL) which assessed compliance, as the ECCU member countries prepare for subsequent CFATF follow-ups and the 5 th round MEVALs, which will focus on effectiveness. The ECCB also continued to provide policy advice through its representatives on the Boards of Directors of the Grenada Authority for the Regulation of Financial Institutions, the AML Commission in Grenada, the Financial Services Regulatory Commission in St Kitts and Nevis, and the Financial Services Authority in Saint Vincent and the Grenadines. Prudential Standards The ECCB, to strengthen public sensitisation on various prudential standards, disseminated news releases for the following: ; Corporate Governance for Financial Institutions and Financial Holding Companies Licensed under the Banking Act, 2015, which becomes effective on 1 April 2026; and ; Prudential Standard for Basel I Capital Measurement for Credit Institutions Licensed under the Banking Act, 2015, which became effective 2 February 2026.

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