On 17 February, FATF published the second follow-up report on Barbados technical compliance (not effectiveness) since its mutual evaluation report in 2018, following which it was placed in enhanced follow-up. It has been re-rated on 13 FATF Recommendations, but this includes being downgraded on 2 – FATF Recommendation 15 (new technologies) and 21 (tipping-off and confidentiality), which are now “Partial Compliant”. Barbados will continue to report back to the regional CFATF on its progress to strengthen its implementation of AML/CFT measures. Barbados will also 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).
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
