Through the National Oversight Committee on Financial Action (NOCFA), the Government of Antigua and Barbuda has officially launched the updated National Risk Assessment (NRA). This initiative aims to enhance the nation’s defences against money laundering, terrorism financing, and proliferation financing, while ensuring alignment with international standards to reinforce the integrity and resilience of its financial system.
The Honourable Sir Steadroy Benjamin, Attorney General, reaffirmed the government’s dedication, saying: “Antigua and Barbuda has made significant strides, including achieving compliance with 36 of the 40 FATF recommendations. This NRA ensures we remain at the forefront of financial transparency and resilience.”
Lt Col Edward Croft, Chairman of NOCFA, emphasized the strategic importance of the NRA: “The NRA is more than a compliance exercise; it is a proactive strategy to safeguard Antigua and Barbuda’s financial system. Through collaboration and shared responsibility, we can build a framework that supports sustainable national growth and meets global standards.”
The inaugural workshop, held at the Financial Services Regulatory Commission (FSRC) Conference Room, introduced stakeholders to risk assessment methodologies and fostered collaboration across sectors. This session marked a pivotal step in building a robust, data-driven national strategy.
The success of the NRA depends on active participation from competent authorities, private sector partners, and non-profit organizations. By working together, stakeholders can enhance the nation’s financial integrity and strengthen its global reputation.
The updated NRA reflects the Government’s commitment to transparency, accountability, and resilience, aligning with the national motto, “Each Endeavouring, All Achieving.” This initiative lays the foundation for a secure and prosperous future for all citizens.
Operating under the Prime Minister’s Ministry, NOCFA provides strategic oversight and leadership to combat financial crimes and uphold international standards, ensuring the security and resilience of Antigua and Barbuda’s financial system.