The Bahama's progress in strengthening measures to tackle money laundering and terrorist financing

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Since the assessment of The Bahamas' measures against money laundering and terrorist financing, the country has taken significant actions to strengthen its framework to fight money laundering and the financing of terrorism and proliferation.

The Bahamas, a member of FATF Associate member the Caribbean Financial Action Task Force (CFATF), has been under enhanced monitoring since the adoption of its Mutual Evaluation Report. In line with the CFATF Procedures for the Fourth Round of Mutual AML/CFT Evaluations, the country has reported back to the CFATF on the actions it has taken since its mutual evaluation and its  Follow-up Reports.

  • Consequently, to reflect the progress of The Bahamas, the CFATF has re-rated the country in relation to Recommendations 8 and 15 from Partially Compliant to Compliant.

The Bahamas has 40 Recommendations rated C or LC. The Bahamas will remain in enhanced follow-up.Publication short description

CFATF Follow-Up Report Bahamas 2022

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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

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The FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems sets out the evaluation process.