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We are pleased to advise that On Friday 7 January 2022, the European Commission adopted a new regulation to update the EU AML Blacklist, including delisting The Bahamas from the List of Third-country Jurisdictions which have ...

On the 22nd of December 2021 a meeting of the European Commission College of Commissioners was held, and the revision of the List of Third-country Jurisdictions which have Strategic Deficiencies...

The FINANCIAL TRANSACTIONS REPORTING ACT, 2018 AND PROCEEDS OF CRIME ACT, 2018 were passed by Parliament and came into force on Friday May 15th, 2018.

In the Mutual Evaluation Report of July 2017, the Caribbean Financial Action Task Force identified substantial gaps in The Bahamas' legal and regulatory regime relating to AML/CFT.

April 7, 2022, Nassau Bahamas, Today, The Bahamas is compliant or largely compliant in 38 of the 40 FATF Recommendations.

The Bahamas has an excellent record, dating back to 1987, for robust Anti-Money Laundering arrangements. The Bahamas first criminalized the proceeds of drug trafficking in 1987 with the enactment of the Tracing and Forfeiture of Proceeds of Drug Trafficking Act.

The Caribbean Financial Action Task Force (CFATF) conducted a mutual evaluation of The Bahamas during an onsite visit (November 30 2015 to December 11 2015).

There have been tremendous efforts made to address all concerns of the CFATF and the FATF Regarding The Bahamas' Anti Money laundering.

Is the recent EU listing about tax cooperation? No. This list is completely separate from the EU tax blacklist, and has been tabled under the 4th EU Anti-Money Laundering Directive, which is the EU law that outlines measures ...

This White Paper sets out a vision and a framework to guide Bahamian digital asset policy between now and 2026.