Regulatory Alerts2026-05-05
Added · Updated
Central Bank of The Bahamas AML/CFT/CPF Guidelines for Supervised Financial Institutions
The Central Bank of The Bahamas issues these mandatory guidelines to establish comprehensive anti-money laundering, counter-terrorist financing, and countering proliferation financing (AML/CFT/CPF) requirements for supervised financial institutions. The framework mandates a risk-based approach, requiring institutions to implement robust internal controls, dynamic customer due diligence, enhanced monitoring for high-risk entities, and strict record-keeping protocols. Furthermore, the guidelines enforce integration of AML/CFT/CPF into corporate governance and empower the Central Bank to impose administrative penalties and criminal prosecution for non-compliance.
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