Attorney General and Minister of Legal Affairs, Sen. Hon. Ryan Pinder recently addressed the Financial Action Task Force National Assessment Risk Briefing.

During his remarks he said, “I was asked outside by ZNS well what does this mean to the ordinary Bahamian, right.  Yes you have a bunch of technical people in the room and how does this translate to the country as large.  And I explain, let’s break it down, if we fail in our fifth round mutual evaluation, if we are found to be non-compliant you’re not going to have cross border transactions as easy as we do today.”

The Attorney General also spoke about how The Bahamas is attempting to better manager cross border money laundering risk.  He said, “The Bahamas has entered into mutual legal assistance treaties and established other formal co-operation channels through legislations for both supervisory and law enforcement purposes.”

Senator Pinder also