The Bahamas identifies $1.6bn of sanctioned Russians assets, hopeful of FATF up-rating 

Mark Battersby
clock • 2 min read

The Bahamas's minister of state for legal affairs Jomo Campbell said on 30 March that a search of financial databases had identified three Russian sanctioned individuals and one company with assets valued at approximately $1.6bn. Earlier this month, the Group of Financial Services Regulators of The Bahamas issued a directive to Bahamian financial institutions against doing business with sanctioned persons and entities of Russia and Belarus. In a report by local website Eyewitness News, Campbell said: "Of the assets listed only $7.5 million are portfolio management custody assets and t...

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