AML/CFT Handbook - Appendix I Update

The Commission has today updated Appendix I to the Handbook as a result of the FATF's announcement that it has removed The Bahamas from its list of jurisdictions under increased monitoring. The Bahamas has strengthened the effectiveness of its AML/CFT system and addressed related technical deficiencies to meet the commitments in its action plan and remedy the strategic deficiencies identified by the FATF in October 2018.

Appendix I lists countries and territories that are identified by relevant external sources as presenting a higher risk of money laundering and/or financing of terrorism. Firms are encouraged to review the updated Appendix I in order to assess the impact that these changes may have on their business.

The FATF page on High-Risk and Other Monitored Jurisdictions can be found here.

Updated and tracked versions of Appendix I can be found within the Notices, Instructions & Warnings page. An updated version of the Handbook will follow in due course.