Barbados: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
January 29, 2009
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This report focuses on the observance of standards and codes for the Financial Action Task Force on Money Laundering (FATF-40) recommendations for antimoney laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) for Barbados. The report discusses recommendations on how the AML/CFT system could be strengthened. It is revealed that law enforcement authorities and the Office of Director of Public Prosecutions are under-resourced in relation to their functions. The competent authorities continue to engage in a wide array of joint law enforcement initiatives.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: Anti-Money Laundering, Anti-money laundering and combating the financing of terrorism (AML/CFT), authority, Barbadian authorities, Barbados, Caribbean, CFT, CFT framework, CFT regime, CFT requirement, confiscation regime, CR, ISCR, Legal support in revenue administration, Money laundering, offense, Terrorism financing, TF offense
Pages:
19
Volume:
2009
DOI:
Issue:
019
Series:
Country Report No. 2009/019
Stock No:
1BRBEA2009001
ISBN:
9781451806106
ISSN:
1934-7685
