The Bahamas steps closer to compliance with all 40 FATF recommendations

The Bahamas is compliant or largely compliant in 38 of the 40 FATF Recommendations, the Bahamas Financial Services Board said in a statement on 7 April. The Caribbean country's attorney general and minister of legal affairs, senator Ryan Pinder, introduced amendments to underlying pieces of legislation to ensure compliance with FATF standards to promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and the financing of proliferation, and other related threats to the integrity of the international financial syste...