Bahamas:
Important Member Notice: Update On Bahamas Delisting – European Union AML
14 January 2022
Bahamas Financial Services Board
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We are pleased to advise that On Friday 7 January 2022, the
European Commission adopted a new regulation to update the EU AML
Blacklist, including delisting The Bahamas from the List of
Third-country Jurisdictions which have Strategic Deficiencies in
their AML/CFT Regimes (AML Blacklist). It has now been shared with
the European Parliament and Council for formal consultation. After
such consultation, the regulation will be published in the Official
Journal of the European Union and entering into force 20 days after
its publication.
Please see attached press release issued by the Office of The
Attorney General as well as the relevant EU Delegated
Regulation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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