Use the latest browser recommended by Microsoft
Get speed, security and privacy with Microsoft Edge
These Simplified Due Diligence Guidelines (SDD Guidelines) are issued by the Eastern Caribbean Central Bank (ECCB/Central Bank), in exercise of the powers conferred on it by Section (11)(1)(c) of the Money Laundering Prevention Act, 1996 (as amended) of the Laws of Antigua and Barbuda (hereinafter referred to as the MLPA) and Section 184(n) of the Banking Act, No 10 of 2015, (as amended) of the Laws of Antigua and Barbuda. Click here to view full document.
These Simplified Due Diligence Guidelines are issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by Section 9 of the Money Laundering (Prevention) Act No 8 of 2011 (as amended) of the Laws of the Commonwealth of Dominica (hereinafter referred to as the MLPA) and Section 184(n) of the Banking Act, No 4 of 2015, (as amended) of the Laws of the Commonwealth of Dominica (Dominica). Click here to view full document.
This Simplified Due Diligence Prudential Standard (SDD Standard) is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by Section 63A 2(b) of the Proceeds of Crime Act No 6 of 2012 (as amended) of the Laws of Grenada (hereinafter referred to as the POCA) and Section 184(n) of the Banking Act, No 20 of 2015, (as amended) of the Laws of Grenada. Click here to view full document.
The Financial Services Commission, in consultation with the Eastern Caribbean Central Bank (Central Bank), hereby issues Guidance Notes as it relates to the application of Simplified Due Diligence, in exercise of the powers conferred on it by Section 183 of the Proceeds of Crime Act (CAP. 04.04) (as amended) (hereinafter referred to as the POCA) of the Laws of Montserrat. Click here to view full document.
This Simplified Due Diligence Prudential Standard (SDD Standard) is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by Section 14D, of the Money Laundering (Prevention) Act Cap 12.20 (as amended), (hereinafter referred to as the MLPA) of the Laws of Saint Lucia and Section 184(n) of the Banking Act No 3 of 2015 of the Laws of Saint Lucia. Click here to view full document.
This Simplified Due Diligence Prudential Standard (SDD Standard) is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it under Section 184(n) of the Banking Act No 4 of 2015 (as amended) of the Laws of Saint Vincent and the Grenadines, and Section 152(2)(d)(i) of the Proceeds of Crime Act 2013 (as amended) of the Laws of Saint Vincent and the Grenadines. Click here to view full document.
The Prudential Standard for the Management of Interest Rate Risk in the Banking Book for Financial Institutions Licensed Under the Banking Act, 2015 (Standard) is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by section 184 of the Banking Act, 20151, as amended.
Click here to view full document.
The Valuation of Prudential Standards for Licenced Financial Institutions Under The Banking Act, 2015 address Real Estate appraisals and evaluations used to support Real Estate related financial transactions. These Standards are structured in accordance with internationally accepted valuation standards, and are intended to provide guidance to financial institutions licenced under the Banking Act on the principles for asset valuations and the establishment of the minimum content of valuation programmes. Click here to view full document.
This Prudential Standard shall come into effect on the 1st day of January 2020. This Prudential Standard applies to all institutions licenced under the Banking Act. This Standard must be read in conjunction with the suite of Prudential Standards issued by the ECCB. All submission timeframes would be measured in calendar days.
This Prudential Standard aims to:
(a) List the activities that have been deemed to be banking practice under section 103(2)(n) of the Act;
(b) Establish the conditions under which the Central Bank would consider any other permissible activity under the Act.
The Standard aims to promote the development and implementation of sound credit risk management frameworks at LFIs. This Standard represents the ECCB’s minimum requirements for credit risk management and should therefore not be viewed as all encompassing.
Click here to access standard.
The ECCB issued these guidance notes in May 1995 to assist financial institutions in developing programmes to combat money laundering. They promote the implementation of adequate anti-money laundering policies, procedures and controls as they relate to customer identification, verification of transactions, record retention, reporting of suspicious activity, recruitment and training of employees and audit reviews.
ECCU member territories subsequently passed more comprehensive legislation and guidance notes, which ECCB’s guidance notes are expected to complement. Where the requirements of ECCB’s guidance notes differ with the individual territory’s guidance notes, regulations or laws, the territory’s guidance notes, regulations or laws would take precedence.
Pursuant to the authority granted under section 184 of the 2015 Banking Act, the Eastern Caribbean Central Bank (ECCB) hereby issues the Prudential Standards for the Management of Operational Risk for Institutions Licenced Under the Banking Act. This standard was effective as at 1 august 2020. Please click here to view the full document.
Pursuant to the authority granted under Section 184 of the Banking Act, 2015 (the Act), the Eastern Caribbean Central Bank (ECCB) has issued the Prudential Standard for the Outsourcing of Services for Institutions Licenced under the Banking Act (the standard). The standard would came into effect from 1 October 2020. Click here to read the full document.
This Prudential Standard is issued by the Eastern Caribbean Central Bank, in the exercise of the powers conferred on it by section 184 of the Banking Act, 2015. Click here for full access to the document.
This Prudential Standard shall come into effect on the 1st day of January 2020. This Prudential Standard applies to all institutions licenced under the Banking Act. This Standard must be read in conjunction with the suite of Prudential Standards issued by the ECCB. All submission timeframes would be measured in calendar days.
The Standard aims to promote the development and implementation of sound credit risk management frameworks at LFIs. This Standard represents the ECCB’s minimum requirements for credit risk management and should therefore not be viewed as all encompassing.
Pursuant to the authority granted under section 184 of the 2015 Banking Act, the Eastern Caribbean Central Bank (ECCB) hereby issues the Prudential Standards for the Managment of Operational Risk for Institutions Licenced Under the Banking Act. This standard was effective as at 1 August 2020.
Pursuant to the authority granted under Section 184 of the Banking Act, 2015 (the Act), the Eastern Caribbean Central Bank (ECCB) has issued the Prudential Standard for the Outsourcing of Services for Institutions Licenced under the Banking Act (the standard). The standard came into effect on 1 October 2020.
This Prudential Standard is issued by the Eastern Caribbean Central Bank, in the exercise of the powers conferred on it by section 184 of the Banking Act, 2015.
This Prudential Standard is issued by the Eastern Caribbean Central Bank (“the Central Bank”), in exercise of the powers conferred on it by section 184 of the Banking Act, 2015. Click here to view the full document.
This prudential standard (Standard) is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by Section 184 of the Banking Act, 2015. Click here to view the full document.
The advancement of information technology (IT) has brought about rapid changes to the way businesses and operations are being conducted in the financial sector. This Prudential Standard (The Standard) is issued by the Eastern Caribbean Central Bank (ECCB/Central Bank), in exercise of the powers conferred on it by Section 184 of the Banking Act, 2015. Click here to view full document.
Licensed Financial Institutions (LFIs) introduce a wide range of products and services, including electronic banking (e-banking), to enhance their operational efficiency. Consequently, their risk management framework must provide the requisite measures to manage and mitigate risks related to e-banking. This prudential standard is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by section 184 of the Banking Act. Click here to view the full document.
This Standard is intended to outline the key principles and establish minimum standards and requirements for the management of market risk by LFIs; and provide guidance to enhance the effectiveness of the governance, systems and processes adopted by LFIs to manage market risk. This Standard is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by Section 184 of the Banking Act, 2015. Click here for the full document.
This Prudential Standard aims to provide guidance to licensed financial institutions under the Act in the evaluation of financial positions under a severe but plausible scenario to assist in the strategic decision-making process. Click here to view the full document.
Climate-related and environmental risks are the risks that may arise from climate change or from efforts to mitigate climate change, their related impacts and economic and financial consequences. This Prudential Standard is issued by the Eastern Caribbean Central Bank (Central Bank), in exercise of the powers conferred on it by section 184 of the Banking (Amendment) Act, 2015. Click here to view full document.
