TY  - GEN
T1  - Pacific finance sector brief Nauru.
T2  - Pacific finance sector briefs.
LA  - English
PP  - Metro Manila, Philippines
PB  - Asian Development Bank
YR  - 2019
UL  - https://tuklas.up.edu.ph/Record/UP-99796217613727756
AB  - Just over a decade ago, Nauru was a tax haven with hundreds of offshore banks registered in its finance sector. However, lenient banking regulations led to money-laundering and banking licenses were revoked. The Bank of Nauru was closed in 2006. The government recently reestablished banking services in the country, but financial limitations remain a major challenge. Nauru needs to continue efforts to strengthen its framework on anti-money laundering and combat the financing of terrorism, so that the country can reconnect to the international financial system.
KW  - Finance : Nauru.
KW  - Industrial policy.
KW  - Electronic books.
ER  -