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Vanuatu Financial Services Commission
Vanuatu Financial Services Commission (VFSC) is the financial regulatory authority of Vanuatu. It was created by the Vanuatu Financial Services Commission Act No. 35 of 1993 when it assumed a part of the responsibilities of the Ministry of Finance and Economic Management. The VFSC regulates non-banking financial services in the country. History The Vanuatu Financial Services Commission was established in 1993 as a successor to the Ministry of Finance and Economic Management, established following the country had achieved its independence from the United Kingdom and France in 1980. After Vanuatu had been greylisted by the Financial Action Task Force (FATF) in February 2016, the VFSC, along with the Financial Investigation Unit and the Reserve Bank of Vanuatu, worked to implement the FATF's action plan, leading to the delisting of Vanuatu in June 2018. In March 2019, the Vanuatu Financial Services Commission tightened regulations, forbidding its license holders to deal in cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance And Economic Management (Vanuatu)
The Ministry of Finance and Economic Management is a cabinet ministry of the government of Vanuatu responsible for overseeing the nation's public finances. Ministers of Finance * Kalpokor Kalsakau, 1980-1987 *Sela Molisa, 1988-1991 *Sethy Regenvanu, 1991 *Willie Jimmy, 1991-1992 * Onneyn Tahi, 1992 *Willie Jimmy, 1993-1996 *Barak Sope, 1996 * Shem Naukaut, 1996-1997 *Willie Jimmy, 1997 * Vincent Boulekone, 1997-1998 *Sela Molisa, 1998-1999 * Iatika Morking Stephen, 1999-2001 * Joe Bomal Carlo, 2001-2002 *Sela Molisa, 2002-2004 * Jimmy Nicklam, 2004 *Moana Carcasses Kalosil, 2004-2005 *Willie Jimmy, 2005-2008 *Sela Molisa, 2008-2010 *Moana Carcasses Kalosil, 2010-2011 *Bakoa Kaltongga, 2011 *Moana Carcasses Kalosil, 2011 *Sela Molisa, 2011 *Moana Carcasses Kalosil, 2011-2012 *Charlot Salwai, 2012-2013 *Willie Jimmy, 2013 *Maki Simelum, 2013-2015 *Willie Jimmy, 2015-2016 * Gaetan Pikinoune, 2016-2020 * Johnny Koanapo Rasou, 2020- See also * Reserve Bank of Vanuatu * Finance mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Vanuatu
The Reserve Bank of Vanuatu is the central bank of Vanuatu (an island country located in the South Pacific Ocean). It was initially known as the Central Bank of Vanuatu after the nation's independence from France and the United Kingdom. The bank began operations on 1 January 1981 and was initially responsible for currency exchange. It established the Vatu as the national currency to replace the circulation of the New Hebrides franc and Australian dollar. The bank also replaced the role of the Banque Indosuez Vanuatu. The institution's name was changed to the Reserve Bank of Vanuatu in May 1989 and its responsibility over the national banking industry was expanded. Role The functions, powers and responsibilities of the RBV are specified in the Reserve Bank of Vanuatu Act AP 125of 1980. The specific purposes of the RBV as spelled out in Section 3 of the Reserve Bank Act are to: Regulate the issue, supply, availability and international exchange of money; Supervise and regulate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regulation In Vanuatu
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; * in government, typically regulation means stipulations of the delegated legislation which is drafted by subject-matter experts to enforce primary legislation; * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set and enforce rules with less government involvement; and, * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals. Social Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Vanuatu
The politics of Vanuatu take place within the framework of a constitutional democracy. The constitution provides for a representative parliamentary system. The head of the Republic is an elected President. The Prime Minister of Vanuatu is the head of government. Executive power is exercised by the government. Legislative power is vested in both the government and parliament. The Judiciary is independent of the executive and the legislature. These institutions, which date from the country's independence in 1980, exist alongside traditional systems of leadership and justice upheld by community chiefs. Vanuatu is a democracy, whose political culture is different from that in most Western democracies, with strong elements of clientelism, corruption, and political debate that focuses strongly on the distribution of resources among communities. Governments typically comprise coalitions of numerous small parties which change regularly, with parties and MPs "crossing the floor" and Pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company Register
A company register is a register of organizations in the jurisdiction they operate under. A statistical business register has a different purpose than a company register. While a commercial/trade register serves a purpose of protection, accountability and control, a statistical register plays a central part in a system of official economic statistics at a national statistics office. Company registers by country Each country's company register has different registrar types, contents, purpose, and public availability. Botswana Companies and Intellectual Property Authority is responsible for registering companies in Botswana. Canada The Director General of Corporations Canada is responsible for federally-incorporated corporations. Each province has a registrar who is responsible for provincially-incorporated corporations. Czech Republic You can apply for the company's entry into the Commercial Register kept by an applicable court. Business companies that have their reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Diplomat
''The Diplomat'' is an international online news magazine covering politics, society, and culture in the Indo-Pacific region. It is based in Washington, D.C. It was originally an Australian bi-monthly print magazine, founded by Minh Bui Jones, David Llewellyn-Smith and Sung Lee in 2001, but due to financial reasons it was converted into an online magazine in 2009 and moved to Japan and later Washington, D.C. The magazine is currently owned by MHT Corporation. History ''The Diplomat'' was originally an Australian bi-monthly print magazine, founded by Minh Bui Jones, David Llewellyn-Smith and Sung Lee in 2001. The first edition was published in April 2002, with Bui Jones as the founding editor and Llewellyn-Smith the founding publisher. The magazine was acquired by James Pach through his company Trans-Asia Inc. in December 2007. Pach assumed the role of executive publisher and hired former ''Penthouse'' editor Ian Gerrard to update its presentation. Nonetheless, the print ed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Action Task Force
The Financial Action Task Force (on Money Laundering) (FATF), also known by its French name, ''Groupe d'action financière'' (GAFI), is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering and to maintain certain interest. In 2001, its mandate was expanded to include terrorism financing. The objectives of FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. FATF is a "policy-making body" that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. FATF monitors progress in implementing its Recommendations through "peer reviews" ("mutual evaluations") of member countries. Since 2000, FATF has maintained the FATF blacklist (formally called the "Call for actio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vanuatu
Vanuatu ( or ; ), officially the Republic of Vanuatu (french: link=no, République de Vanuatu; bi, Ripablik blong Vanuatu), is an island country located in the South Pacific Ocean. The archipelago, which is of volcanic origin, is east of northern Australia, northeast of New Caledonia, east of New Guinea, southeast of the Solomon Islands, and west of Fiji. Vanuatu was first inhabited by Melanesian people. The first Europeans to visit the islands were a Spanish expedition led by Portuguese navigator Fernandes de Queirós, who arrived on the largest island, Espíritu Santo, in 1606. Queirós claimed the archipelago for Spain, as part of the colonial Spanish East Indies, and named it . In the 1880s, France and the United Kingdom claimed parts of the archipelago, and in 1906, they agreed on a framework for jointly managing the archipelago as the New Hebrides through an Anglo-French condominium. An independence movement arose in the 1970s, and the Republic of Vanuatu was fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Vanuatu
The history of Vanuatu spans over 3,200 years. Premodern history The pre-European history of Vanuatu can be reconstructed by combining insights from linguistics (particularly historical linguistics), anthropology, archaeology and human genetics. Archaeological evidence supports that peoples speaking Austronesian languages first came to the islands some 3,300 years ago. Pottery fragments have been found dating back to 1300 BC. The first inhabitants of Vanuatu were carriers of the Lapita culture, speakers of the Proto Oceanic language. That first wave of migration was likely followed, about 500 BC, by a second wave of Melanesian populations. Around the 13th century AD, one important king was Roy Mata, who united several tribes in central Vanuatu. He was buried in a large mound with several retainers – a place which is now one of the UNESCO World Heritage Sites. The memory of Roy Mata is still told today in oral histories and legends. European contact The Vanuatu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Secretariat
The Commonwealth Secretariat is the main intergovernmental agency and central institution of the Commonwealth of Nations. It is responsible for facilitating co-operation between members; organising meetings, including the Commonwealth Heads of Government Meetings (CHOGM); assisting and advising on policy development; and providing assistance to countries in implementing the decisions and policies of the Commonwealth. The Secretariat has observer status in the United Nations General Assembly. It is located at Marlborough House in London, the United Kingdom, a former royal residence that was given by Queen Elizabeth II, Head of the Commonwealth at the time. History The Secretariat was established by Heads of Government in 1965, taking over many of the functions of the United Kingdom Government's Commonwealth Relations Office, as part of a major shake-up of the organisation of the Commonwealth. At the same time, the United Kingdom succeeded in advocating the creation of the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
