Anguilla Financial Services Commission

Anguilla Financial Services Commission is rated 3 out of 5 in the category financial services. Read and write reviews about Anguilla Financial Services Commission. The Anguilla Financial Services Commission (“AFSC”) was established by the enactment of the Financial Services Commission Act on 26 November 2003 and subsequently commenced operations on 2 February 2004. Fundamentally, the AFSC’s mission is “to enhance the safety, stability and integrity of Anguilla’s financial system and contribute to Anguilla being a premier financial centre, through appropriate regulation and legislation, judicious licensing, comprehensive monitoring and good governance”. The creation of the AFSC as a statutory body of the Government of Anguilla, therefore, allows Anguilla to meet international standards in the structure and administration of its financial services regulatory body. The AFSC supervises and regulates financial businesses providing services in: insurance, offshore banking, trust, company management (corporate service providers), mutual funds, money services business and utility tokens and utility token exchanges. Also under the remit of the AFSC is anti-money laundering and combatting the financing of terrorism supervision which applies to all financial service providers as well as other service providers such as non-profit organisations and externally and non-regulated service providers. Anguilla’s commitment to complying with international standards is reflected in its legislation and its membership in the following associations: the Group of International Insurance Centre Supervisors (“GIICS”); the International Association of Insurance Supervisors (“IAIS”); Caribbean Financial Action Task Force (“CFATF”); and the Caribbean Association of Insurance Regulators (“CAIR”). Anguilla is also an observer of the Group of International Finance Centre Supervisors (“GIFCS”). The AFSC is also an International Centre for Captive Insurance Education (“ICCIE”) trained organisation, with more than thirty percent of staff holding the Associate in Captive Insurance (“ACI”) designation issued by ICCIE.