The Money Laundering and Financing of Terrorism (Prevention and Control) Act, 2011, was proclaimed on November 11, 2011. This act reforms the law in respect of the prevention and control of money laundering and financing of terrorism to reflect more comprehensively the Forty Recommendations and Nine Special Recommendations of the Financial Action Task Force which Barbados is committed to implement by virtue of its membership in the Caribbean Financial Action Task Force, an associate member of the former body, and provide for related matters.

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