The financial sector in Anguilla is regulated by the Anguilla Financial Services Commission and comprises a select group of licensed domestic and international institutions. The primary domestic retail banks operating on the island include the National Commercial Bank of Anguilla Limited and Republic Bank (Anguilla) Limited (which assumed operations following regional acquisitions of Scotiabank). These institutions provide commercial checking accounts, residential mortgages, savings portfolios, and foreign currency exchange services to local residents and international corporate entities.