Guidelines for Licensees on the Prevention of Money Laundering, Countering the Financing of Terrorism and Proliferation Financing

Published: Friday May 1st, 2009

Amended: Thursday April 6th, 2023

The Central Bank of The Bahamas has today released revised Guidelines on the Prevention of Money Laundering & Countering the Financing of Terrorism (the AML/CFT Guidelines).  The revised AML/CFT Guidelines take effect immediately and outline the Bank’s mandatory minimum customer due diligence requirements for all banks, trust companies, co-operative credit unions, non-bank money transmission businesses and payment service providers (collectively referred to as Supervised Financial Institutions (SFIs)).