The Central Bank of The Bahamas has announced that it will host along with The Group of Financial Services Regulators of The Bahamas, The 2018 National AML/CFT Risk Management Conference. The Governor of the Central Bank of The Bahamas in making the announcement stated that "We at the Central Bank of The Bahamas are pleased to be collaborating with all of our supervisory partners. The Group of Financial Services Regulators or GFSR consists of the financial services regulators in The Bahamas. This regulatory body includes the Central Bank of The Bahamas, the Compliance Commission of The Bahamas, the Inspector of Financial and Corporate Service Providers, the Insurance Commission of The Bahamas and the Securities Commission of The Bahamas. Together, we are committed to ensuring that the culture of compliance which characterises this jurisdiction is maintained and augmented. The Bahamas remains and has consistently taken steps to ensure that we adhere to international standards of best practice with respect to anti money laundering and the counter financing of terrorist. This is evidenced with by the legislative framework and supervisory regime. The International Monetary Fund notes, "AML/CFT controls, when effectively implemented mitigate the adverse effects of economic activity and promote integrity and stability in financial markets."
The Conference will be held from Sunday, September 16 through Tuesday, September 18 at the Baha Mar Convention Centre in Nassau, The Bahamas. All relevant stakeholders and licensees of the Group of Financial Services Regulators are encouraged to actively participate in this event.
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.