Jul 20, 2018 Last Updated 9:17 AM, Jul 16, 2018

The Minister of Finance & the Public Service

The Hon. Nigel Clarke, DPhil., MP...

Minister without Portfolio in the Ministry of Finance and the Public Service

The Honourable Fayval Williams, MP, is Minister without Portfolio in the Ministry of Finance and the Public Service. Minister Williams is a Chartered Financial Analyst (CFA), and h...

Financial Secretary (Acting)

Miss Darlene Morrison...

If a financial institution makes a disclosure regarding a transaction, would be considered a breach of customer confidentiality?

Under the Act, the ‘consent to perform a prohibited act’ prevents a protected disclosure from being considered a breach providing that

  • the information is disclosed to an authorized or nominated officer
  • the information came to the person in the course of the person’s trade, profession, business or employment
  • the information causes that person to believe or have reasonable grounds to believe that another person has engaged in money laundering.
  • the disclosure is made in such a form or manner as may be prescribed by the Regulations.
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