Central Bank of The Bahamas Revises AML/CFT/PF Guidelines for Supervised Financial Institutions

PRESS RELEASE
THE CENTRAL BANK REVISES THE GUIDELINES FOR SUPERVISED FINANCIAL INSTITUTIONS ON THE PREVENTION OF MONEY LAUNDERING, COUNTERING THE FINANCING OF TERRORISM & PROLIFERATION FINANCING Following the release of the document: “Guidelines for Supervised Financial Institutions on the Prevention of Money Laundering, Countering the Financing of Terrorism & Proliferation Financing”, published on the Bank’s website on the 29th August 2018 (the “AML/CFT/PF Guidelines), it was discovered that certain paragraphs had been inadvertently omitted from
Part VII - RECORD KEEPING, in the section entitled “Verification of Identity and Other
Records”.
The Central Bank has today issued a Corrigendum which inserts the omitted paragraphs into the AML/CFT/PF Guidelines. These additional paragraphs numbered 196A to 196J, should be read together with the AML/CFT/PF Guidelines. A red-lined version of the AML/CFT/PF Guidelines showing all of the substantive changes made to the Guidelines to date, will be posted to the Bank’s website during the month of October 2018. Any comments or questions regarding the AML/CFT/PF Guidelines should be directed to:
The Policy Unit
Bank Supervision Department
Central Bank of The Bahamas
Frederick & Market Streets
P.O. Box N 4868
Nassau, Bahamas
Tel (242) 302-2615
Fax (242) 356-3909

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Email: Policy@centralbankbahamas.com
Thursday 20th September, 2018.