Regulatory Alerts2023-08-01
Attorney General's Directive 2019
The Attorney-General of The Bahamas directs the Director of Public Prosecutions to systematically evaluate money laundering charges, identify recoverable proceeds of crime, and pursue civil forfeiture orders during criminal investigations. Issued under constitutional authority and the Proceeds of Crime Act 2018, the directive mandates parallel inquiries to trace domestic and foreign illicit funds while ensuring seized assets are properly managed and deposited into the Confiscated Assets Fund. Prosecutors must also consider stand-alone money laundering charges, preserve the value of confiscated property, and facilitate asset repatriation to effectively combat terrorism financing and other objectives-based crimes.
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