KCS GAD Risk Map Brief: The Bahamas July 2022

The Bahamas

First, the good news: The Bahamas were removed from the EU’s anti-money laundering ‘blacklist’ in January 2022 after almost two years, with acknowledgement made that Nassau has taken solid steps to improve its AML practices and adopt a stricter approach to scrutinising both the originators of funds and their stated purposes. In an industry that all too often relies on total opacity, this is something that needs to be applauded even if it is only bringing…
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