ST. GEORGE’S, Grenada, CMCC – The Funding Migration Company of Grenada (IMA Grenada) introduced on Monday that it has formally accepted and adopted its anti-money laundering and countering the financing of terrorism (AML/CFT) coverage and process, aligning with European Union necessities and different main worldwide requirements.
“Implementing this coverage is a transparent demonstration of our proactive strategy to governance and threat administration. It strengthens our credibility with worldwide companions and assures traders that Grenada’s programme operates to the very best ranges of accountability.
“IMA Grenada stays totally dedicated to defending Grenada’s popularity, safeguarding our worldwide companions and contributing to the worldwide battle in opposition to monetary crime,” stated IMA Grenada’s chief government officer, Thomas Anthony.
The IMA Grenada administers the nation’s Citizenship by Funding (CBI) programme by means of which overseas traders obtain citizenship of the tri-island state in return for making a considerable funding within the nation’s socio-economic improvement.
The IMA Grenada said that the approval and adoption of the AML/CFT underscore the dedication to preserving the integrity of the CBI and defending stakeholders from the dangers related to cash laundering and terrorist financing.
“By embedding rigorous AML/CFT measures, the company strengthens its compliance framework, aligning with worldwide finest practices for transparency, accountability, and good governance.”
The IMA Grenada said that the AML/CFT coverage and process will take instant impact and be totally built-in into its operations. The next steps embody disseminating the coverage throughout all ranges of the company, incorporating it into compliance procedures, and conducting coaching and consciousness classes to make sure workers perceive and apply the necessities.
It said that the coverage now permits for establishing sturdy programs for monitoring, reporting, and overview, and can allow annual critiques and updates to stay aligned with evolving finest practices and regulatory expectations.
“With these steps, IMA Grenada reaffirms its function as a accountable steward of Grenada’s funding migration sector, guaranteeing that chance is balanced with vigilance and the nation’s monetary safety and popularity stay protected.”
