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.

Attachments

  • Original document
  • Permalink

Disclaimer

Guernsey Financial Services Commission published this content on 12 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2021 19:29:07 UTC