Bahamas has to implement 'action plan' to be removed from FATF blacklist

Pedro Gonçalves
clock • 1 min read

The Bahamas will not be considered for removal from a 12-strong blacklist of nations with weaknesses in their anti-financial crime defences until it completes its "action plan" by this September. Carl Bethel QC, the attorney general, told local news outlet Tribune Business that the Financial Action Task Force's (FATF) Friday statement acknowledged that The Bahamas had "made significant progress" in addressing the deficiencies that resulted in this nation being placed on its monitoring list in October 2018. He explained, though, that The Bahamas was still working its way through a proc...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?