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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Format: Chicago

Barbados: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

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

Publication Details

Pages:

19
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/019
Stock No:

1BRBEA2009001
ISBN:

9781451806106
ISSN:

1934-7685

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