Foreword by the Honourable Attorney General
Chairman of the Ministerial Council
The Commonwealth of The Bahamas, as a founding member of the Caribbean Financial Action Task Force (CFATF) in 1990, has demonstrated its longstanding commitment to international standards in the fight against money laundering. The jurisdiction has undergone four mutual evaluations by the CFATF with the latest conducted during the period 30 November – 11 December 2015. The mutual evaluation report was published in July 2017. This mutual evaluation was based on the revised Financial Action Task Force’s (FATF) 40 Recommendations of February 2012, and the Methodology for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT Systems – February 2013 (“the Methodology). After the publication of the mutual evaluation report, The Bahamas was placed into enhanced follow-up by CFATF and FATF monitoring process – International Cooperation Review Group Americas’ Region.
