Pacific Finance Sector Brief: Nauru

Please use this identifier to cite or link to this item: https://elibrary.tucl.edu.np/handle/123456789/5556

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DC Field	Value	Language
dc.contributor.author	ADB	-
dc.date.accessioned	2021-10-05T15:04:35Z	-
dc.date.available	2021-10-05T15:04:35Z	-
dc.date.issued	2019-10	-
dc.identifier.isbn	N/A	-
dc.identifier.isbn	N/A	-
dc.identifier.issn	N/A	-
dc.identifier.issn	N/A	-
dc.identifier.uri	https://www.adb.org/publications/pacific-finance-sector-nauru	-
dc.identifier.uri	https://elibrary.tucl.edu.np/handle/123456789/5556	-
dc.description	This brief provides an overview of Nauru’s finance sector, and discusses the key challenges and how they can be addressed. 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.	-
dc.format.extent	2	-
dc.subject.other	Economic data	-
dc.subject.other	Economics	-
dc.subject.other	Finance sector development	-
dc.subject.other	Financial sector	-
dc.title	Pacific Finance Sector Brief: Nauru	-
local.publication.country	Nauru	-
Appears in Collections:	ADB Collections

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