Bahamas largely compliant with AML/CFT requirements – CARICOM Business


The Bahamas is now compliant with 38 out of 40 Financial Action Task Force (FATF) recommendations to strengthen its AML/CFT framework, with the Caribbean arm of the regulatory body, noting that this jurisdiction is now “compliant” with 18 recommendations and “largely compliant” on 20 of them.

The recently released 4th Enhanced Follow Up Report and Technical Compliance Re-Rating, noted the progress made in addressing technical compliance deficiencies in the Caribbean Financial Action Task Force
(CFATF) assessment in 2017, which led to a grey listing for The Bahamas that was ultimately removed last year.

Extract from CARICOM BUSINESS Vol 4 No. 51

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