Anti-money laundering ratings up
Barbados effort to intensify the fight against money laundering and terrorist financing has earned it improved ratings from the Caribbean Financial Action Task Force (CFATF).
Fresh from Barbados being removed from the Financial Action Task Force (FATF) grey list, the CFATF has now upgraded the country in five areas of compliance related to the FATF’s 40 Recommendations for countries to counter dirty money.
This is detailed in the CFATF’s 5th Enhanced Follow-up Report & Technical Compliance Re-Rating for Barbados which the organisation said was adopted at its June plenary in Trinidad and Tobago. (SC)
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