ANTI-MONEY LAUNDERING/ COMBATING THE FINANCING TERRORISM
The global threats of money laundering, the financing of terrorism and proliferation of weapons of mass destruction have required financial sector regulators and financial institutions to strengthen their vigilance in support of the efforts of governments to counter these threats and to minimize the possibility that their jurisdictions or institutions becoming involved.
The Central Bank of Barbados (Bank), plays a central role in the fight against money laundering and terrorism financing. The Bank is the supervisory and regulatory agency for institutions licensed under the Financial Institutions Act, Cap. 324A (FIA) and assesses these licensees’ AML/CFT framework and compliance with the Money Laundering and Financing of Terrorism (Prevention and Control) Act, 2011-23 (MLFTA), the Money Laundering and Financing of Terrorism (Prevention and Control) Amendment Act, 2019 -22 (MLFTAA), the Anti-Terrorism Act, Cap. 158 (ATA) and the Anti-Terrorism (Amendment) Act, 2019 (ATAA).
TERRORIST DESIGNATION ORDER
LEGISLATION AND GUIDELINES
NATIONAL RISK ASSESSMENT
UNITED NATIONS SECURITY COUNCIL SANCTIONS