ACA was established in 2016 and incorporated under the Companies Act in Anguilla as a Non-Profit company on the 22nd day of March 2016. ACA encourages financial services businesses full participation in becoming members of the Association. It has a Council of 6 persons, detailed below, who are elected for a period of two years according to the Constitution. In addition to holding meetings with existing members on compliance issues, the Council will hold an annual general meeting for all members. It is proposed in time to form committees in order to better carry out its function of compliance across the broad spectrum of the various financial services carried out within and from within Anguilla.
As an example, ACA’s Council has already studied FSC’s findings on Anti-Money Laundering and Combating Financing of Terrorism and believes that there are a number of issues for discussion. We knowledge that there are many challenges ahead for Anguilla and its financial services industry and the more united and cohesive we become, the better will be the results.