Barbados' Joint AML/CFT Regulatory Response to the COVID-19 Pandemic

The Central Bank of Barbados (“CBB”), Financial Services Commission (“FSC”), Ministry of International Business & Industry - International Business Unit (“IBU”), Corporate Affairs and Intellectual Property Office (“CAIPO”) and the Financial Intelligence Unit (“FIU”), (collectively referred to as “the Competent Authorities”) recognise the challenges faced by financial institutions as they address issues that arise as a result of the COVID-19 Pandemic. We are cognisant of the importance of continuing to provide essential financial services while operating under restricted conditions, and to ensure adherence to the established protocols. 
This note highlights ML/FT risks associated with Covid-19 responses and reminds entities of their AML/CFT responsibilities even in these challenging times.

Click here to view: Barbados' Joint AML/CFT Regulatory Response to the Covid-19 Pandemic.pdf

Copyright 2020 by Central Bank of Barbados