New Documents

The Securities Commission of the Bahamas announced that it exercised its regulatory powers on Nov. 12, 2022, to direct the transfer of all digital assets of FTX Digital Markets Ltd. to a wallet that it controls for safekeeping.

The Bahamas’ Registrar General issued a notice to regulated entities concerning the latest sanctions resolution adopted by the United Nations Security Council.   

Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department identifies the Commonwealth of the Bahamas as a major money laundering jurisdiction. The country is an important regional and offshore financial center, and serves as a transit point for illegal drugs bound for the United States and other international markets. Money may be laundered through purchase of real estate and precious metals and stones. In addition, laundering is commonly conducted through financial services companies, real estate, casino gambling, and online gaming. Proceeds from facilitating drug transit, particularly bulk cash payments to local individuals and criminal gangs, are a top money laundering concern. Despite major legal and regulatory progress to date, in 2020, the number of money laundering prosecutions and convictions dropped by 12 percent, on top of a 67 percent drop in 2019.
Source: 2021 International Narcotics Control Strategy Report (INCSR)


FATF i | 2013

Technical Effectiveness
Compliant : 16 High : 0
Largely Compliant : 24 Substantial : 0
Partially Compliant : 0 Moderate : 5
Non-Compliant : 0 Low : 6

The Bahamas' technical compliance was re-rated in a Dec. 22, 2022 follow-up report.


Rank : 91/110
Score : 6.46/10


Rank : 30/180
Score : 63/100

Tax Justice Network i

Rank : 22/133
Score : 75/100