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Caribbean & Central America - December 2018


*** BAHAMAS ON MONEY-LAUNDERING WATCH LIST. In late October, the UK added The Bahamas to its list of jurisdictions required to take more actions to strengthen their anti-money laundering regimes. The UK, which has 11 countries on its watch list, was responding to the advice of the Financial Action Task Force (FATF). The Bahamas, in response, said it was addressing the concerns of the FATF. Finance Minister Peter Turnquest said: “We have a very robust regulatory regime and we will continue to make enhancements necessary to make sure to demonstrate this to the international community.” The FATF has said that it considers The Bahamas to be committed to implementing its action plan for improvement.

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