European Parliament Library

Barbados :, Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report focuses on the observance of standards and codes for the Financial Action Task Force on Money Laundering (FATF-40) recommendations for antimoney laundering (AML) and nine special recommendations on combating the financing of terrorism (CFT) for Barbados. The report discusses recommendations on how the AML/CFT system could be strengthened. It is revealed that law enforcement authorities and the Office of Director of Public Prosecutions are under-resourced in relation to their functions. The competent authorities continue to engage in a wide array of joint law enforcement initiatives
Table Of Contents
Barbados; ACCRONYMS; BARBADOS; A. Introduction; B. Key Findings; C. Legal Systems and Related Institutional Measures; D. Preventive Measures - Financial Institutions; E. Preventive Measures - Designated Non-Financial Businesses and Professions; F. Legal Persons and Arrangements & Non-Profit Organizations; G. National and International Co-operation; H. Other Issues; Authorities' Response
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
Form Of Item

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