September 25 2017
The Central Bank plans to create a new sanctions regime for anti-money laundering deficiencies, as it bids to move the Bahamas from a ‘high risk’ to “at least medium risk” jurisdiction.
#John Rolle, the regulator’s governor, responding to the Caribbean Financial Action Task Force’s (CFATF) newly-released assessment of this nation’s regulatory regime, said the findings showed the Bahamas “needs to lift the intensity and quality” of anti-money laundering/counter terrorism financing (CFT) supervision.