Bahamian Attorney General Assumes Leadership Of CFATF
Bahamian Attorney General and Minister of Education, Alfred Sears yesterday
took over from Bonaparte Gautreaus Pineyro of the Dominican Repubic as chairman
of the Caribbean Financial Action Task Force. According to to the Bahamas Information Services (BIS) department, Mr Sears
suggested that his new position will afford the jurisdiction a stronger voice
on money laundering issues with international organisations such as the OECD
and the FATF, and added that: 'Additionally, The Bahamas will benefit from deeper regional ties with our
Caribbean partners in the fight against money laundering.' The Bahamas is already playing host to this week's CFATF plenary meeting, and
the mutual evaluation of the jurisdiction's anti-money laundering and regulatory
regime headlined the agenda of the meetings, according to reports in the local
media. Minister of Financial Services and Investments, Allyson Maynard-Gibson explained
that: 'It is extremely important for The Bahamas...to take the lead, and to
be seen as a leader in the financial services industry.' 'The Attorney General will be able to say, as we have been saying all along,
that we absolutely condemn money laundering and we will ensure as best we can
that it does not exist within our shores.' .
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