Bahamas Attains Technical Compliance in 40 of the 40 Financial Action Task Force Recommendations

The Bahamas has now attained technical compliance ratings of “Compliant and Largely Compliant” in 40 of the 40 Financial Action Task Force Recommendations – International Anti- Money Laundering, Countering of Terrorism and Proliferation Standards. The country becomes only the second jurisdiction in the Caribbean, South and North American Regions to attain such standing.

The country’s 5th Follow-Up Report was released today by the Caribbean Financial Action Task Force.