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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
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严立新
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陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
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安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
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童文俊
童文俊
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汤 俊
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李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
张平
张平
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上传时间: 2024-02-26      浏览次数:252次
Barbados Taken Off Money Laundering Watchlist.

 

https://www.thestkittsnevisobserver.com/barbados-taken-off-money-laundering-watchlist/

 

Barbados has been removed from the Financial Action Task Force’s (FATF) List of Jurisdictions Under Increased Monitoring (also known as the FATF Grey List).

 

The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.

 

The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

 

The 39-member body sets international standards to ensure national authorities can effectively go after illicit funds linked to drugs trafficking, the illicit arms trade, cyber fraud and other serious crimes.

 

In total, more than 200 countries and jurisdictions have committed to implement the FATF’s Standards as part of a co-ordinated global response to preventing organised crime, corruption and terrorism.

 

The FATF was established in 1989 and is based in Paris.

 

Removal from the Grey List means that a jurisdictions has identified problem areas and successfully worked on a plan to correct weaknesses.

 

This important milestone was reached today, Friday, February 23, 2024, at the organisation’s first Plenary meeting for the year. Barbados Attorney General Dale Marshall heralded this achievement, which reflects the consensus of the FATF that Barbados has successfully implemented its Action Plan.

 

The Attorney General also congratulated the members of the local Anti-Money Laundering (AML) Network whose dedication and commitment over the last four years was responsible for the country’s success.

 

This network includes the Central Bank of Barbados, the International Business Unit, the Financial Services Commission, the Compliance Unit, Corporate Affairs and Intellectual Property Office, the Financial Intelligence Unit, the Financial Crimes Investigations Unit of The Barbados Police Service, the Office of the Director of Department of Public Prosecutions, and the Office of the Attorney General.

 

AG Marshall further stated that this important development should quell many of the concerns of our financial institutions, businesses, professionals and citizens, who can now look forward to an ease in doing business locally and internationally. Investors will now have the renewed confidence that with our strengthened AML regime, the country is a safe place to invest.

 

He continued: “This achievement now paves the way for Barbados to be removed from the European Union Blacklist and the United Kingdom (UK) Blacklist, which meant that as far as the UK and the EU were concerned, we did not have adequate systems to fight money laundering and represented a significant risk to their respective financial markets.

 

Having Barbados on those two blacklists therefore created significant difficulties for investors and businesses which rely on correspondent banking relationships to effectively do business. I now expect that we will immediately be removed by the UK, and that removal from the EU Blacklist will follow shortly thereafter.”

 

Barbados looks forward to positive spin-offs from the delisting, and will sustain efforts to ensure an effective AML regime consistent with FATF standards.