Bahamas delisted from EU AML blacklist

Mark Battersby
clock • 2 min read

The European Union adopted a new regulation on Friday 7 January to update the EU AML blacklist, including delisting The Bahamas, just days after it was officially removed from the Financial Action Task Force's (FATF) grey list of nations deemed to have deficiencies in their anti-financial crime defences. The Office of the Attorney General said in a statement that "the FATF congratulated The Bahamas for the ‘significant progress' it has made in improving its AML/CFT/CFP regime", adding that the FATF also stated that "The Bahamas has strengthened the effectiveness of its AML/CFT system and...