Regulatory Alerts2024-12-12
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Bahamas 2022 Money Laundering Risk Assessment Summary of Key Findings
The National Identified Risk Framework Steering Committee presents the summary of key findings from the 2022 Money Laundering National Risk Assessment, which covers the review period from 2017 to 2022. The report identifies inherent money laundering threats and vulnerabilities across financial and non-financial sectors, including banking, securities, insurance, and designated non-financial businesses and professions. It outlines the jurisdiction's enhanced legal and regulatory framework, noting compliance with FATF 40 Recommendations, and provides critical risk information to public and private sector stakeholders to inform their internal AML controls and mitigation efforts.
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