BAHAMAS: AML/CFT EVALUATION FOLLOW-UP REPORT

On 22 December, the FATF-style regional body CFATF published the 5th enhanced follow-up report on the Bahamas, following its mutual evaluation in 2017.  Reflecting progress made, CFATF has re-rated the country on 2 of the FATF 40: Recommendation 8 – NPO, from partially compliant to compliant; and Recommendation 15 – new Technologies, from partially compliant to compliant.  The Bahamas is now rated as Compliant or Largely Compliant with 40 out of the 40 FATF Recommendations.

https://www.cfatf-gafic.org/documents/4th-round-follow-up-reports/the-bahamas-2/19573-the-bahamas-5th-enhanced-follow-up-report-technical-compliance-re-rating/file

https://www.buymeacoffee.com/KoIvM842y

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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