On 10 February, the FATF-style regional body CFATF issued a news release saying that, as a result of Barbados’ progress in strengthening its framework to tackle money laundering and terrorist financing since their 2018 mutual evaluation, the Caribbean Financial Action Task Force re-rated the country on 13 of the FATF 40 Recommendations. Barbados has been in an enhanced follow-up process, following the adoption of their CFATF mutual evaluation report. Following the new report, Barbados will remain in enhanced follow-up on the basis that it has a low or moderate level of effectiveness for 7 or more of the 11 effectiveness outcomes (11 in total) – and follow-up reports do not address effectiveness ratings. According to the enhanced follow-up process, Barbados will continue to report back to the CFATF on its progress to strengthen its implementation of AML/CFT measures.
I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y