Attorney General Carl Bethel implored financial services sector players yesterday to help The Bahamas to remove “any slur or stain against the name of this jurisdiction” by adhering to anti-money laundering / combating the financing of terrorism (AML/CFT) regime changes that will put this country in the favor of the Financial Action Task Force (FATF).

Bethel said the country has made significant strides to get to a point where the FATF could conduct an on-the-ground visit to vet The Bahamas’ progress with regard to AML/CFT regime improvements.

One of the things the government has been working on is getting a beneficial ownership registry in place, so that international financial watchdogs are satisfied that money is not being hidden by nameless, faceless entities.

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