The Funding Migration Company of Grenada (IMA Grenada) has formally authorized and adopted its Anti-Cash Laundering (AML) and Countering the Financing of Terrorism (CFT) Coverage and Process, bringing the nation’s Citizenship by Funding Programme consistent with European Union necessities and different main worldwide requirements.
The transfer underscores IMA Grenada’s dedication to preserving the integrity of the programme and defending stakeholders from the dangers related to cash laundering and terrorist financing. The company stated the strengthened compliance framework displays worldwide finest practices for transparency, accountability, and good governance.
“Implementing this coverage is a transparent demonstration of our proactive method to governance and threat administration,” stated IMA Grenada Chief Govt Officer Thomas Anthony. “It strengthens our credibility with worldwide companions and assures buyers that Grenada’s Programme operates to the best ranges of accountability. IMA Grenada stays absolutely dedicated to defending Grenada’s fame, safeguarding our worldwide companions and contributing to the worldwide struggle in opposition to monetary crime.”
The AML/CFT coverage will take instant impact and be absolutely built-in into the company’s operations. Key subsequent steps embody disseminating the coverage throughout all ranges of the company, incorporating it into compliance procedures, conducting workers coaching periods, and establishing techniques for monitoring, reporting, and overview. Annual opinions may also be performed to maintain the coverage aligned with evolving world finest practices and regulatory expectations.
By embedding these measures, IMA Grenada stated it’s reaffirming its position as a accountable steward of the nation’s funding migration sector, balancing financial alternative with vigilance to safeguard Grenada’s monetary safety and worldwide fame.
