International Focus On Baco Seminar: Combatting Money Laundering

In its Compliance North America feature this week, Complinet features the annual Anti-Money Laundering Seminar hosted last week by the Bahamas Association of Compliance Officers (BACO).

Complinet is the market-leading publisher of information and supplier of compliance and human resources solutions to the financial services sector. The release is duplicated below:

The commitment of regulators and practitioners in the Bahamas in combating money laundering was clearly demonstrated at the recent Bahamas Association of Compliance Officers (BACO) annual AML Seminar. Legislation to fight against money laundering and address the shortcomings identified by the Financial Action Task Force, resulted in the Bahamas' removal from the list of Non-Cooperative Countries and Territories in 2001 and served as the main focus of this one-day event.