8 June 2021Law & regulation

Anguilla Finance closes its doors as economic downturn bites

Anguilla Finance (AF) has ceased to function as Anguilla’s financial services marketing arm as of the end May 2021.

Steve Garlick, who served as AF's chief executive officer, said: “Whilst it had many, many successes over the past ten years, the Government of Anguilla decided to defund due to their own financial difficulties and therefore the inevitable has happened.”

Garlick said AF’s historic remit could be assigned by the Government to an an yet unnamed internal Government entity.

“It’s been a great ten years with many challenges and opportunities and I wish to sincerely thank those in the industry and others for their support and encouragement,” added Garlick.