AML-CFT - National Assessment of Risk - Recommendation 1 - page 20

Implications for Non-compliance
•
The reverse of all the compliance benefits
•
The financial services sector will be severely affected
•
Reduced government revenue
•
Reduced funding for capital projects and social services
•
Possible retrenchment in the employment sector (public and
private)
•
The Virgin Islands’ credibility within the CFATF will be
severely dented
1...,10,11,12,13,14,15,16,17,18,19 21
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