A.G Sen. Hon. Carl Bethel on EU Blacklisting


The Bahamas regrets the apparent decision of the EU Commission to signal an intention to add The Bahamas to a Blacklist which the EU Parliament mandates that the Commission maintain. This is especially so in light of an earlier public commitment made by the EU Commission to engage in discussions with potentially affected countries prior to placing them on their Blacklist. To date The Bahamas has not received any advance notification or warning at any diplomatic level.

The Bahamas maintains that it is attaining the highest standards in the fight against money laundering, terrorist financing and other identified risks. It should also be noted that the FATF at its January 2020 Plenary in Paris, France, agreed that The Bahamas should begin the exiting process from the FATF ICRG Gray List and had agreed to an on-site visit, which visit had to be postponed due only to the COVID-19 pandemic. The Bahamas remains fully committed to the highest standards of compliance with easy internationally agreed standard of conduct.

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