Barbados' progress in strengthening measures to tackle money laundering and terrorist financing

Overall, Barbados has made good progress in addressing the technical compliance deficiencies identified in its MER.

This follow-up report looks at the actions Barbados has undertaken to address the weaknesses identified in the report and
to meet the requirements of FATF Recommendations that have changed since their 2018 mutual evaluation.

To reflect the actions they have taken, Barbados' technical compliance has been re-rated on the following 13 Recommendations:

• Recommenation 4 is re-rated as Compliant
• Recommenation 20 is re-rated as Compliant

• Recommenation 1 is re-rated as Largely Compliant
• Recommenation 7 is re-rated as Largely Compliant
• Recommenation 19 is re-rated as Largely Compliant
• Recommenation 29 is re-rated as Largely Compliant
• Recommenation 32 is re-rated as Largely Compliant
• Recommenation 33 is re-rated as Largely Compliant
• Recommenation 34 is re-rated as Largely Compliant
• Recommenation 38 is re-rated as Largely Compliant

• Recommenation 8 is re-rated as Partially Compliant

• Recommenations 15 and 21 have been rated down to Partially Compliant

According to the enhanced follow-up process, Barbados will continue to report back to the CFATF on its progress to strengthen its implementation of AML/CFT measures.

CFATF Mutual Evaluation of Barbados - 2018

CFATF