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https://elibrary.tucl.edu.np/handle/123456789/5556| Title: | Pacific Finance Sector Brief: Nauru |
| Authors: | ADB |
| Issue Date: | Oct-2019 |
| 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. |
| URI: | https://www.adb.org/publications/pacific-finance-sector-nauru https://elibrary.tucl.edu.np/handle/123456789/5556 |
| ISBN: | N/A N/A |
| ISSN: | N/A N/A |
| Country: | Nauru |
| Appears in Collections: | ADB Collections |
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