HISTORY

HISTORY

GARFIN is referred to as the Single Regulatory Unit or SRU for the non bank financial sector. The GARFIN Act consolidated supervision of the non bank financial sector under one Authority.

MISSION

MISSION

To promote and maintain public confidence in, and the integrity of the financial system in Grenada through the effective regulation and supervision of designated non-bank financial institutions.

FUNCTIONS

FUNCTIONS

GARFIN is responsible for regulating and supervising the non-bank financial sector in Grenada with specific responsibility for the administration of a impressive slew of legislation.

Regulated Entities

Confidence and stability in the financial sector is critical for the development of the overall economy. This is of even greater importance in today's turbulent economic times and the role of GARFIN therefore becomes even more significant.

Credit Unions

Credit unions are regulated in accordance with the Cooperative Societies Act No. 8/2011.

Insurance Companies

There are twenty-six (26) companies licenced to conduct insurance business in Grenada.

International Companies

Eight (8) Registered Agents act as intermediaries for incorporation/registration of IBCs.

Money Service Businesses

Money Services Businesses are non-financial businesses that transmit or convert money.

Sector Statistics

0
CREDIT UNION SECTOR
(As at March 31, 2021)
0
CREDIT UNION MEMBERS
(As at March 31, 2021)
0
INSURANCE SECTOR
(As at March 31, 2021)
0
PENSION SECTOR
(As at March 31, 2021)

Latest News

WARNING NOTICE: COVID-19 RELATED SCAMS

Tuesday, 28 July 2020

The Eastern Caribbean Securities Regulatory Commission (ECSRC) advises the public in the member countries of the Eastern Caribbean Currency Union (EC...

Government of Grenada to Auction EC$ 15 million 91-Day Treasury Bill on ECSE

Friday, 01 June 2018

ST. GEORGE’S, GRENADA, 1st June 2018: The Government of Grenada will be auctioning EC$ 15 million 91-Day Treasury bill on the Regional Governmen...

Grenada's Ranking in Transparency International's Corruption Perception Index 2017

Monday, 05 March 2018

Grenada’s Integrity Commission (IC) and the Financial Intelligence Unit (FIU) acknowledge the news of Grenada’s ranking (52), in the 2017 Transparenc...