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AUTOMATIC EXCHANGE OF FINANCIAL ACCOUNT INFORMATION ACT
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PART II RETURN AND DUE DILIGENCE FOR FINANCIAL ACCOUNT INFORMATION
2023 Laws not yet authenticated through a Commencement Order
Revised Laws of Saint Lucia (2023)
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PART II
RETURN AND DUE DILIGENCE FOR FINANCIAL ACCOUNT INFORMATION
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PART II RETURN AND DUE DILIGENCE FOR FINANCIAL ACCOUNT INFORMATION
1. Short title
2. Interpretation
3. Application
4. Convention to have the force of law
4A. Inconsistent laws
4B. Competent Authority
5. Function of competent authority
5A. Delegation of functions
5B. Power to require the production of information
6. Power to enter premises to obtain information
7. Secrecy
8. Immunity from suit
9. Non-Reporting Financial Institution, Excluded Account and Participating Jurisdiction
10. Return
11. Communication of confidential information
12. Amendment and correction to return
13. Due diligence requirements
14. Records
15. Service providers
16. Penalty
17. Liability to penalty
18. Assessment of penalty
19. Enforcement of penalty
20. Right to object to penalty
21. Procedure on objection to penalty
22. Notice of appeal
23. Refusal or failure to provide information
24. Anti-avoidance
25. Amendment of Schedule
26. Regulations
Schedule 1
Schedule 2
ACT
PRELIMINARY
1. Short title
2. Interpretation
3. Application
4. Convention to have the force of law
4A. Inconsistent laws
PART I COMPETENT AUTHORITY
4B. Competent Authority
5. Function of competent authority
5A. Delegation of functions
5B. Power to require the production of information
6. Power to enter premises to obtain information
7. Secrecy
8. Immunity from suit
9. Non-Reporting Financial Institution, Excluded Account and Participating Jurisdiction
10. Return
11. Communication of confidential information
12. Amendment and correction to return
13. Due diligence requirements
14. Records
15. Service providers
PART III ENFORCEMENT
CIVIL PENALTY
16. Penalty
17. Liability to penalty
18. Assessment of penalty
19. Enforcement of penalty
20. Right to object to penalty
21. Procedure on objection to penalty
22. Notice of appeal
CRIMINAL PENALTY
23. Refusal or failure to provide information
PART IV MISCELLANEOUS
24. Anti-avoidance
25. Amendment of Schedule
26. Regulations
Schedule 1
Schedule 2
SUBSIDIARY LEGISLATION
Automatic Exchange of Financial Account Information (Designation of Non-Reporting Financial Institution) Order – Section 9(1)(a) (Statutory Instruments 107/2017 and 7/2019)
1. Citation
2. Designation of Non-Reporting Financial Institution
Schedule
Automatic Exchange of Financial Account Information (Designation of an Excluded Account) Order – Section 9(1)(b) (Statutory Instruments 119/2017 and 8/2019)
1. Citation
2. Designation of Excluded Account
3. Revocation
Schedule