What is Saint Vincent and the Grenadines's FATF status?

Saint Vincent and the Grenadines is classified by FATF as: partially_compliant.

What is the AML/KYC regime in Saint Vincent and the Grenadines?

KYC is mandatory for crypto businesses.

🇻🇨 Saint Vincent and the Grenadines

SVG has been a popular incorporation jurisdiction for crypto businesses. The FSA oversees some financial services but crypto-specific regulation has been limited. Several crypto exchanges were SVG-incorporated.

Overview

Status	Legal
Risk Score	45/100 (Moderate Risk)
Region	caribbean
Currency	XCD

Tax Information

Capital Gains (Personal)	No income tax
Capital Gains (Corporate)	30% corporate tax
VAT on Crypto	No
Staking Tax	No income tax
Airdrop Tax	No income tax

No personal income tax. Corporate tax at 30%.

Licensing & Registration

Required	No
Regulator	FSA SVG
Framework	No specific crypto framework
Ease	easy

SVG has been criticized for light-touch regulation of crypto businesses. Several crypto exchanges that later faced issues were SVG-incorporated. The FSA is developing enhanced regulation.

Enforcement Activity

Level: Low

FSA has warned it does not regulate crypto businesses despite their SVG incorporation.

AML / KYC

KYC Required	Yes
Travel Rule	No
FATF Member	No
FATF Status	partially_compliant
FATF Body	CFATF
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: Unclear

No regulation.

Stablecoins

Status: no_rules

No framework.

NFTs

Status: no_rules

No regulation.

Mining

Legal	Yes
Electricity Cost	$0.28/kWh
Renewable Energy	10%
Infrastructure	fair

Electricity costs are relatively high compared to global averages. Infrastructure for mining is fair but limited due to island geography and energy constraints.

Geopolitical Risk

Stability	moderate
Sanctions	No
Corruption Index	38/100
Banking Access	moderate

Risk Factors

hurricane risk
limited infrastructure
small market size

Saint Vincent and the Grenadines has moderate political stability with some vulnerability to natural disasters. It is not under international sanctions and has moderate ease of doing business. Banking access for crypto companies is moderate, with some regulatory uncertainty.