Overview

The Financial Action Task Force (FATF) and the FATF-style regional body, the Caribbean Financial Action Task Force (CFATF) have issued public statements advising that financial institutions and non-financial businesses give special attention to business relationships and transactions from jurisdictions which do not or do not adequately comply with the FATF’s recommendations/standards on Anti Money Laundering (AML) or Counter Financing of Terrorism (CFT). The designated non-financial businesses and profession to which this applies include Attorneys-at-Law, Accountants, Real estate agencies, Dealers in precious metals and stones, Trust and corporate services and gaming institutions. Additional due diligence of persons from or in locations with AML/CFT deficiencies listed in the letter below may be required. The letter below was sent by the Financial Intelligence Unit (FIU) of Barbados.

 

Public Statements by FATF and CFATF for December 2013

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