FATF PUBLISHES 4th AML/CFT FOLLOW-UP REPORT ON BAHAMAS

On 4 January, FATF published this follow-up report from FATF-style regional body CFATF.  It has re-rated the country in relation to FATF Recommendations 6, 7, 24 and 33 from Partially Compliant to Largely Compliant and Recommendations 19, 22, 26, 27 and 28 from Partially Compliant to Compliant.  Thus, The Bahamas is Compliant with 18 Recommendations and Largely Compliant on 20 of them – combined they represent 38 out of the 40 FATF Recommendations.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/CFATF-The-Bahamas-Follow-Up-Report-2021.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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