On 18th December, Eye Witness News reported that the re-evaluation had found the country compliant with the majority of FATF recommendations. FATF said its report does not address what progress has been made to improve effectiveness, and that a later follow-up assessment will analyse progress on effectiveness, and could result in another re-rating of immediate outcomes at that time. The Bahamas will remain in enhanced follow-up on the basis that it had a low or moderate level of effectiveness for 7 or more of the 11 effectiveness outcomes. The articles goes on to mention some of the measures taken by the Bahamas to meet FATF requirements.
FATF FOLLOW-UP REPORT ON THE BAHAMAS
The report itself is available online. It is a follow-up to the 2017 mutual evaluation of the country. The Bahamas has been re-rated on Recommendations 1, 2, 6, 10, 12, 15, 17, 18, 23, 25, 30, 32 and 35. However, based on the revisions to the revisions to Recommendations 8 and 21, the ratings remain unchanged. Whilst the regional body (CFATF) welcomed steps taken to improve its technical compliance with Recommendations 5, 7, 19, 22, 26, 27, 28, 33; it said that insufficient progress has been made to justify a re-rating of these Recommendations.