Samoa: Assessment of the Supervision and Regulation of the Financial Sector-Review of Financial Sector Regulation and Supervision
June 24, 2004
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This paper presents an assessment of the supervision and regulation of Samoa’s financial sector. The size of the offshore business remains very small compared with major offshore centers. The registration of International Business Companies represents the largest offshore business for Samoa. For offshore banks, the Samoan authorities have tightened regulatory controls following the amendment to the Offshore Banking Act in 1998, and as a result, the number of offshore banks has been reduced significantly.
Subject: Banking, Commercial banks, Crime, Financial institutions, Financial services, Insurance companies, Money laundering, Offshore financial centers
Keywords: banking sector, Commercial banks, companies registration staff, company formation agent, CR, due diligence, Global, Insurance companies, ISCR, Money laundering, Offshore financial centers, trustee company
Pages:
70
Volume:
2004
DOI:
Issue:
171
Series:
Country Report No. 2004/171
Stock No:
1WSMEA0012004
ISBN:
9781451840681
ISSN:
1934-7685
