Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697641699813.pdf (Antigua and Barbuda)
MONEY LAUNDERING & THE FINANCING OF TERRORISM G UIDELINES FOR FINANCIAL INSTITUTIONS* UPDATE [AMENDMENT ISSUED 6 April 2006] The Supervisory Authority for Money Laundering O.N.D.C.P.
Headquarters Camp Blizard Antigua, West Indies Telephone: 562-3255, (268) 462-5934 Fax: (268) 460-8818 email: supervisoryauthority@ondcp.gov.ag * Section 11(vii) of the Money Laundering (Prevention) Act 1996 Money Laundering & The Financing of Terrorism Guidelines AMENDMENTS The Money Laundering & The Financing of Terrorism Guidelines are hereby amended as follows:— 5 1.
The last sentence of the Introduction (See January 2004 amendment) enclosed in brackets is deleted and replaced with the following: “[Appendix B to these Guidelines contains the text of the Prevention of Terrorism Act 2005]” 2.
After Paragraph 1.9, the paragraphs headed “Financing of Terrorism” and the subparagraphs headed “Authorities” and their headings are deleted and substituted with the following: “Financing of Terrorism The Prevention of Terrorism Act 2005 (PTA 2005) has repealed and replaced the Prevention of Terrorism Act 2001.
The PTA 2005 criminalises terrorist acts and the financing of terrorist acts, whether by soliciting, collecting, possessing or providing funds or services for use in the commission or facilitation of a terrorist act or for the benefit of a terrorist group.

Competent Authorities I.

The Attorney General is the person authorised by the Act to declare persons or groups to be terrorists.
Under section 3(2) of the PTA 2005 the Attorney General can designate entities to be terrorists or terrorist groups by declaring them by Order to be “specified entities”.

II.

Under section 3(2) of the Act, the Attorney General can direct a financial institution to freeze any account or other property held by a financial institution on behalf of a specified entity (i.e.

a terrorist or terrorist group).


The Minister of Foreign Affairs is authorised by section 4(1) of the PTA 2005 to make an Order to the effect that there are reasonable grounds to suspect that an entity specified in the Order is engaged in terrorist activity.

Upon such an Order being made, the entity is deemed to be a specified entity (i.e.

a terrorist or terrorist group).


Based on such an Order, the Attorney General may exercise his power to direct financial institutions to freeze any account or other property held by a financial institution on behalf of the terrorist or terrorist group.

10 15 20 25 30 35 6 April 2006 Supervisory Authority, Antigua and Barbuda 3 Money Laundering & The Financing of Terrorism Guidelines III.

IV.
IV.

The Commissioner of Police has power to seize property used in the commission of a terrorist act, under sections 25 and 35 of the PTA 2005.

Reports of possession of terrorist property can be made to the Commissioner or a Police Officer, under section 34(1) of the PTA 2005.

The Director of the ONDCP has power to seize property used in the commission of a terrorist act, under sections 25 and 35 of the PTA 2005.
Reports of possession of terrorist property can be made to the Director or an ONDCP Officer, under section 34(1) of the PTA 2005.

The Director of the ONDCP is of particular importance to financial institutions as he is the person to whom every financial institution is required to make a report every 3 months as to whether or not they are in possession of property owned or controlled by or on behalf of a terrorist or terrorist group.
Every financial institution is also required under section 34(4) of the PTA 2005 to report to the Director of ONDCP every transaction which occurs for which there are reasonable grounds to suspect that it is related to the commission of a terrorist act.

5 10 15 20 3.
5 10 15 20 3.

Paragraphs 4.21 to 4.23 under the heading “Detecting and reporting terrorist funds and assets” are deleted and replaced with the following: 25 30 35 40 4.21 The designation of entities as terrorists or terrorist groups by declaring them specified entities is done by the Attorney General under Section 3(2) of the PTA 2005 or by the Minister of Foreign Affairs under Section 4(2) of the PTA 2005.
4.22 The Attorney General, after declaring a person to be a specified entity, may then by Order, direct any financial institution to restrain or freeze any account or other property held by the financial institution on behalf of the specified entity.

Communication of the Attorney General’s Order will ordinarily be made to the financial institution by the Director of the ONDCP.
4.23 Lists of terrorists gazetted under the repealed Prevention of Terrorism Act 2001 continue in effect until revoked, pursuant to Section 43(2) of the PTA 2005.

This list includes the consolidated list issued by the United Nations Security Council.

4.24 Financial Institutions are obligated to monitor the Gazette for changes to the list of declared specified entities, and to maintain copies of these lists.
4.25 Upon the declaration or publication in the Gazette of the names of a terrorist or terrorist group, a financial institution should immediately make a check of its records to establish whether or not a person or 6 April 2006 Supervisory Authority, Antigua and Barbuda 4 Money Laundering & The Financing of Terrorism Guidelines entity so named holds an account with them.
If a match is found this should be immediately communicated to the Director of the ONDCP by the quickest means and transactions in the account should not proceed before contact is made and the matter discussed with the Director.

4.26 Financial institutions should appoint a particular person to be responsible for communicating to and being the point of contact with the Supervisory Authority on matters relating to the financing of terrorism and the provisions of the Prevention of Terrorism Act 2005.
It is suggested that the financial institution’s Compliance Officer for money laundering may in most cases be the appropriate person to assume this function.

4.27 If an initial report to the Director confirming the possession or control of funds or assets of a declared terrorist or terrorist organization is first made other than in writing, it should subsequently be confirmed by a written report to the Director of the ONDCP.
4.28 Reports on terrorist property for submission to the Director of ONDCP pursuant to Section 34 of the Prevention of Terrorism Act 2005 should be made on the Terrorist Property Report Form in Appendix D. 4.
Appendix B is amended as follows: The heading “The Prevention of Terrorism Act 2001” and the paragraphs following it are deleted and replaced with the following: “The Prevention of Terrorism Act 2005 The following sections of the Prevention of Terrorism Act 2005 should be particularly noted by financial institutions: Section 3 Orders declaring certain entities to be specified entities Section 4 Orders for the implementation of measures to give effect to resolutions of the Security Council Section 6 Provision or collection of funds to commit terrorist acts 35 Section 7 Collection of property or provision of property and services, for commission of terrorist acts Section 8 Use of property for commission of terrorist acts Section 9 Money laundering 6 April 2006 Supervisory Authority, Antigua and Barbuda 5 Money Laundering & The Financing of Terrorism Guidelines Section 25 Power to seize property used in commission of terrorist acts Section 33 Duty to disclose information relating to offences and terrorist acts 5 Section 34 Duty to disclose information relating to property of terrorist groups or property used for commission of offences under the Act [See next page for text of the Act] 6 April 2006 Supervisory Authority, Antigua and Barbuda Money Laundering & The Financing of Terrorism Guidelines 5.
At the end of Appendix C insert the following: “Appendix D 5 FORMS TERRORIST PROPERTY REPORT” [See next page for Form] 10 6 April 2006 Supervisory Authority, Antigua and Barbuda 47 Terrorist Property Report (Prevention of Terrorism Act 2005) Submit this form when completed to the Director of the Ofﬁce of National Drug and Money Laundering Control Policy (ONDCP), Camp Blizard, Antigua.
Tel: 268 562-3255; Fax: 268 460-8818; email: director@ondcp.gov.ag Financial institutions should use this form to: (1) Make a report of property in its possession or control which is owned or controlled by or on behalf of a terrorist* or terrorist group* as required by section 34(1)(a) of the Prevention of Terrorism Act 2005 (PTA 2005); (2) Report information regarding a transaction or proposed transaction in respect of property owned or controlled by or on behalf of a terrorist* or terrorist group* as required by section 34(1)(b) of the PTA 2005; (3) Make terrorist* property reports every three (3) months as required by section 34(3) of the Prevention of Terrorism Act 2005 (PTA 2005); (4) Report transactions related to the commission of a terrorist act as required by section 34(4) of the PTA 2005; *A terrorist or terrorist group is one that has been so declared by Order made by the Attorney General under section 3 of the PTA 2005, or by the Minister of Foreign Affairs under section 4 of the PTA 2005.
Date of report / / day month year Time of report : am/pm hour minute Please type or print and tick boxes be- low as appropriate PART A – Financial Institution making report 1.

Name ................................................................................................................ 2.

Street Address ................................................................................................................ 3.
City ................................................................................................................ 4.

Country ................................................................................................................ 5.

Type of ﬁnancial institution A.

B.

Bank Other (state type) ......................................................... 6.

Telephone ................................................. 7.

Fax ........................................................... 8.
Email ........................................................ PART B – Reason(s) for ﬁling this report 9.

This is a: Report of terrorist property to be made every 3 months by a ﬁnancial institution, pursuant to section 34(3) of the Prevention of Terrorism Act 2005.

The ﬁnancial institution named in Part A above Is Is not in possession or control of property owned or controlled by or on behalf of a terrorist group.
(if answered “Is ” continue onto Part C; if answered “Is not” please go to Part G and sign and submit the Report to the Director of ONDCP).

Report of property owned or controlled by a terrorist or terrorist group which has recently been discovered to be in the possession or control of the ﬁnancial institution named in Part A above, made pursuant to section 31(1)(a) of the Prevention of Terrorism Act 2005.
Report regarding a transaction or proposed transaction in respect of property which is owned or controlled by or on behalf of a terrorist group, made pursuant to sectin 31(1)(b) of the Prevention of Terrorism Act 2005.

Report of a transaction which there are reasonable grounds to suspect is related to the commis- sion of a terrorist act, pursuant to section 34(4) of the Prevention of Terrorism Act 2005.

PART C – Person(s) of concern Details of the declared terrorist/terrorist group (“speciﬁed entity”) 10.
Name .............................................................................................................. 11.

Address .............................................................................................................. 12.

City .............................................................................................................. 13.

Country .............................................................................................................. 14.
Citizenship ..............................................................................................................

Details of the person who owns or controls the property on behalf of the declared ter- rorist/terrorist group (“speciﬁed entity”) mentioned above (if applicable) 15.

Name .............................................................................................................. 16.
Address .............................................................................................................. 17.

City .............................................................................................................. 18.

Country .............................................................................................................. 19.
Citizenship .............................................................................................................. PART D – Property involved 20.

Type of property A.

Cash B.

Bank account C. Insurance policy D. Money order E. Real estate F. Securities G. Traveller’s cheques H. Other (describe) .......................................................................... 21.
Property value (actual or approximate) .............................................................................................................. 22.

How did the ﬁnancial institution named in Part A come into possession or control of this property?

............................................................................ ....................................................................................................................... Account information 23.
Account number .............................................................................................................. 23.

Type of account A.

Personal B.

Business C. Savings D. Chequing E. CD F. Trust G. Safe Deposit Box H. Other .................................................................................. 24.

Details of each account holder (1) Name ..............................................................................................................
Address ..............................................................................................................

Citizenship .............................................................................................................. (2) Name ..............................................................................................................

Address ..............................................................................................................
Citizenship .............................................................................................................. (3) Name ..............................................................................................................

Address ..............................................................................................................

Citizenship .............................................................................................................. 25.
Details of each signatory to the account (1) Name ..............................................................................................................

Address ..............................................................................................................
Citizenship .............................................................................................................. (2) Name ..............................................................................................................

Address ..............................................................................................................
Citizenship .............................................................................................................. (3) Name ..............................................................................................................

Address ..............................................................................................................

Citizenship .............................................................................................................. 26.
Date account opened ....................................................................................................................... 27.

Status of account A.

Active B. Inactive C. Dormant Part E - Nature of transaction involved 28.
Type of transaction or proposed transaction: deposit other (describe) .................... ....................................................................................................................................................................... wire transfer withdrawal Part F - Reasons for suspicions relating to property or transaction 29.
Give reasons for suspecting that the property described in Part D above is owned or controlled by or on behalf of a declared terrorist or terrorist organisation (“speciﬁed entity”) (continue on separate sheet if necessary) ....................................................................................................................................................................... ....................................................................................................................................................................... ...................................................................................................................................................................... ....................................................................................................................................................................... ....................................................................................................................................................................... 30.
Give reasons for suspecting that the transaction or proposed transaction described in Part E above is either related to terrorist property or concerned with the commission of a terrorist act (continue on sepa- rate sheet if necessary) ................................................................................................................................ ....................................................................................................................................................................... ....................................................................................................................................................................... ....................................................................................................................................................................... ....................................................................................................................................................................... ...................................................................................................................................................................... Part G - Reporting Ofﬁcer - Details and Declaration 31.
Identiﬁcation of Compliance Ofﬁcer or authorised ofﬁcer submitting this report: Name: Position: Ofﬁce address: Telephone: Fax: email: 32.

Declaration.

I declare the information contained in this report to be correct to the best of my knowl- edge, information and belief.

Date (dd/mm/yyyy): SIGN HERE Signature of Compliance Ofﬁcer or authorised ofﬁcer Ofﬁcial Use Only Comments Report No.

Case Ofﬁcer