Revised Laws of Saint Lucia (2021)

14D.        Issue of prudential standards

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    (1)        Without limiting the powers of the Central Bank under section 184(n) of the Banking Act, the Central Bank may, after consultation with the Authority, issue prudential standards to aid in the detection and prevention of money laundering, terrorist financing and other criminal conduct.

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    (2)        The Central Bank shall publish the prudential standards issued under subsection (1) in the Gazette, on its website and through any other media.

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    (3)        The Central Bank shall, at intervals determined by the Central Bank, review the prudential standards issued under subsection (1).

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      (Inserted by Act 16 of 2021)