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2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

Back to Revised Laws of Saint Lucia (2023)

Back to Table of Contents

1. Short title

This Act may be cited as the Inter-Governmental Agreement (Saint Lucia and the United States of America) Act.

2. Interpretation

3. Agreement to have the force of law

3A. Competent Authority

4. Functions of the Competent Authority

4A. Delegation of functions

4B. Power to require the production of information

5. Power to enter premises to obtain information

6. Confidentiality protections

7. Immunity from suit

8. Due diligence requirements

9. Payment to Non-participating Financial Institution

10. Registration

12. Communication of confidential information

13. Amendment and correction to return

15. Service providers

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

2. Interpretation

3. Agreement to have the force of law

PART 1 COMPETENT AUTHORITY

3A. Competent Authority

4. Functions of the Competent Authority

4A. Delegation of functions

4B. Power to require the production of information

5. Power to enter premises to obtain information

6. Confidentiality protections

7. Immunity from suit

PART 2 OBLIGATIONS OF REPORTING SAINT LUCIA FINANCIAL INSTITUTIONS

8. Due diligence requirements

9. Payment to Non-participating Financial Institution

10. Registration

12. Communication of confidential information

13. Amendment and correction to return

15. Service providers

PART 3 PENALTIES

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

SUBSIDIARY LEGISLATION