Pacific Finance Sector Brief: Nauru
| 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.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.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://hdl.handle.net/20.500.14540/5556 | |
| 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 |