The Bahamas Financial Services Board (BFSB), launched in April 1998, represents an innovative commitment by the financial services industry and the Government of The Bahamas to promote a greater awareness of The Bahamas’ strengths as an international financial centre. The Board is a multidisciplinary body that embraces active contribution from individuals within government, banking, trust and investment advisory services, insurance and investment fund administration as well as interested legal, accounting and management professionals.
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 ...
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 Strategic Deficiencies in
their AML/CFT Regimes (AML Blacklist). It has now been shared with
the European Parliament and Council for formal consultation. After
such consultation, the regulation will be published in the Official
Journal of the European Union and entering into force 20 days after
its publication.
Please see attached press release issued by the Office of The
Attorney General as well as the relevant EU Delegated
Regulation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.