Bank Supervision

Warning Notices

These notices are issued by the Central Bank to alert the public and the financial services sector, that named individuals and/or companies, may be operating in breach of the Banks and Trust Companies Regulations Act, 2000, and/or other laws of The Bahamas.

GUIDELINES FOR ASSESSING THE FITNESS AND PROPRIETY OF MONEY LAUNDERING REPORTING OFFICERS (MLRO) IN THE BAHAMAS

Published Monday November 1st, 2010

These Guidelines contain a common set of criteria, the Central Bank (the Bank) will use to assess the fitness and propriety of individuals nominated to serve as Money Laundering Reporting Officers (MLROs) in financial institutions operating in and from within The Bahamas. The Guidelines balance the important roles played by the Bank and the Financial Intelligence Unit in ensuring effective operation of the AML/CFT regime in The Bahamas, while at the same time giving the Bank the flexibility to adopt additional criteria specific to the circumstances of its licensees. These Guidelines are applicable to all licensees of the Bank.

Bank Supervision