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Sunday, January 19, 2020
Financial Intelligence Unit of Barbados

Annual Reports

Barbados Financial Intelligence Unit – January 2013 – December 2018

This document represents the fourth compilation of Annual Reports of the Anti-Money Laundering Authority/ Financial Intelligence Unit.

The period of time covered by the Annual Reports witnessed major developments at the FATF- level with the transition from the Third Round of Mutual Evaluations to the Fourth Round of Mutual Evaluations. The transition
ushered in a new rule book by which jurisdictions’ AML/CFT regimes are assessed, the FATF Methodology of 2013.

This meant that Barbados, like the other jurisdictions, was compelled to balance the continuous and full implementation of the previous FATF Methodology in the Third Round of Mutual Evaluations with the implementation of the aforesaid 2013 FATF Methodology in the Fourth Round of Mutual Evaluations; a herculean task indeed. This was particularly the case as the FIU heavily assisted with the coordination role for the Mutual Evaluation Exercise in 2016-2017, on the heels of planning and hosting a major conference, the Egmont Group of Financial Intelligence Units Plenary in 2015.

Get further details by downloading the FIU’s 2013-2018 Annual Report here.