Attorney General Carl Bethel chairs the Caribbean Financial Action Task Force’s Virtual 52nd Plenary and Working Group meeting on May 27, 2021. (BIS PHOTO)
NASSAU, BAHAMAS The Caribbean Financial Action Task Force (CFATF) held its Virtual 52nd Plenary and Working Group meetings during the period of May 12 to 27, 2021, with Bahamas Attorney General Carl Bethel chairing the plenary on May 27.
The meetings were slated to be held in Trinidad & Tobago, but due to the COVID-19 pandemic and the related travel restrictions, they were held via Zoom.
In attendance at the 52nd plenary meetings and sessions were individuals representing the 25 members of CFATF, the Financial Action Task Force (FATF), International Monetary Fund (IMF), United Nations (UN) Office on Drugs and Crime and Canada and the United Kingdom (representing the COSUNS).
The long-delayed onsite visit for the FATF review on the Virgin Islands is scheduled for July 2022 and FSC officials said a flurry of activity is ongoing.
UK places Barbados on new list citing money laundering concerns
Article by May 13, 2021
Bridgetown has been placed on yet another list coming out of Europe, at a time when the country is awaiting the removal of its name from another.
Barbados is one of three Caribbean countries to be placed on the United Kingdom’s list of “high-risk third countries” when it comes to money laundering and terrorist financing.
This comes even as UK officials acknowledged that authorities in Bridgetown have made efforts over the past few years to strengthen anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.
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