Barbados; ACCRONYMS; BARBADOS; A. Introduction; B. Key Findings; C. Legal Systems and Related Institutional Measures; D. Preventive Measures -- Financial Institutions; E. Preventive Measures -- Designated Non-Financial Businesses and Professions; F. Legal Persons and Arrangements & Non-Profit Organizations; G. National and International Co-operation; H. Other Issues; Authorities' Response
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
Analysis
Barbados Money laundering Terrorism Finance Preventive measures International Monetary Fund Financial Action Task Force
Notes
Title from PFD title page (IMF Web site, viewed on Oct. 4, 2012)
"January 2009."
"May 2008"--Page 3 of pdf
"Prepared by the Caribbean Financial Action Task Force (CFATF)"--Page 3 of pdf
