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stluciancpc

Saint Lucia’s 2022 National Risk Assessment

By Media, News, News & Events

The Attorney General’s Chambers has announced Saint Lucia’s completion of its 2022 Money Laundering and Terrorist Financing National Risk Assessment. The National Risk Assessment forms a critical part of Saint Lucia’s effective application of its risk-based program. The risk assessment allows the country to identify, assess, and understand its exposure to money laundering and terrorist financing and implement measures to mitigate the identified risks.

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Another Milestone achieved for Saint Lucia’s Collateral Registry Project

By Media, News, News & Events

Saint Lucia’s Collateral Registry of Movable Assets has reached another milestone in the implementation phase. The Collateral Registry is an online database of movable assets that supports the Security Interest in Movable Properties Act passed by Parliament in 2022. The National Competitiveness and Productivity Council (NCPC) has spearheaded the coordination and implementation of this legislative reform which is projected to boost economic activity in Saint Lucia by making access to finance easier for micro, small, and medium enterprises. Economist and Project Lead at the NCPC, Sharma Mathurin, highlighted the significance of this phase of the project.

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Health and Security Levy Zero Rated on Services until October 2nd

By Media, News, News & Events

The government’s policy decision to implement a Health and Security Levy of 2.5% on select goods and services has the public and key stakeholders requesting clarification and information on the details of its implementation. In response, the Inland Revenue Department (IRD) has deployed officers to numerous VAT-registered entities to clarify how the Levy is to be applied. Felicia Elie is the Ag. Deputy Comptroller at the IRD.

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