Ms. Juliana Alfred, PS/Chairperson of NAMLOC
The National Anti-Money Laundering Oversight Committee (NAMLOC), will this week be hosting the island’s third National Risk Assessment (NRA) consultation.
The October 30th event will take place at the Bel Jou Hotel Castries.
This event builds on the foundation laid during Saint Lucia’s first NRA conducted in 2019 and the second NRA in 2022. This consultation will bring together key stakeholders across Saint
Lucia’s public and private sectors, including financial services, non-financial businesses and professions, law enforcement, regulatory agencies, government institutions and civil society organizations, to engage in discussions centered around the findings of the 2025 National Risk Assessment.
The NRA represents a critical step in St. Lucia’s continued efforts to strengthen its anti-money laundering platform, countering the financing of terrorism, and counter-proliferation financing (AML/CFT/CPF) framework. The objective of the workshop is to disseminate and discuss preliminary findings of the NRA which will include for the first time, an assessment of Proliferation Financing (PF) and Trade-Based Money Laundering (TBML).
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Stakeholders will have the opportunity to assess and validate the country’s exposure to financial crimes, identify vulnerabilities within various sectors, and discuss strategies for mitigating potential risks. The introduction of the new PF and TBML modules will allow Saint Lucia to identify and prioritize risk areas not previously covered in the 2022 NRA.
The outcomes of the 2025 NRA consultation will inform the development of updated national policies and action plans aimed at enhancing Saint Lucia’s resilience to illicit financial activities. The findings will support regulatory reform, strengthen inter-agency coordination, and ensure that Saint Lucia maintains a robust and credible financial system that supports sustainable economic growth. The Chairperson of NAMLOC Ms. Juliana Alfred says the committee remains dedicated to fostering a unified approach that empowers all sectors to safeguard the nation’s financial integrity and uphold its reputation within the global financial community. She believes this engagement further underscores the government’s commitment to transparency, collaboration, and adherence to international standards set by the Financial Action Task Force (FATF).
