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  1. An organization based in the Sister Islands is adhering to FATF standards for financial crime, with training held in Cayman Brac.

CFATF Inspects Bahamas Over Anti-Financial Crime Standards

1 report, 1 independent Updated Oct 21
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What happened

Some supportReported by 1 outlet

Financial Action Task Force examiners are currently in Nassau conducting an inspection regarding anti-financial crime standards. The Bahamas is debating the Companies Act (Amendment) Bill 2026, which aims to bring the nation into alignment with global standards set by the Financial Action Task Force. The bill seeks to prohibit domestic companies from issuing bearer shares or bearer warrants.

From tribune242.com

Why it matters

Some supportBrind's analysis of the reports

The legislative changes are designed to correct a technical gap in The Bahamas' law concerning bearer shares and warrants. This effort aligns the Companies Act with the International Business Companies (IBCs) Act, which was overhauled in 2000 following a previous blacklisting by the Financial Action Task Force.

An organization based in the Sister Islands is adhering to Financial Action Task Force standards for financial crime, with training held in Cayman Brac.

From tribune242.com

Who's involved

  • NassauLocation where Financial Action Task Force examiners are conducting their inspection.
  • Financial Action Task ForceGlobal standard-setter on combating money laundering and terrorism financing, conducting the inspection.

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