Barbados has been removed from the Financial Action Task Force (FATF) increased monitoring list, marking a significant milestone in strengthening its anti-money laundering and financial compliance framework.
This achievement reflects the country’s successful implementation of reforms to address AML/CFT deficiencies and improve its regulatory environment . The removal is expected to enhance investor confidence, international business relations, and access to global financial markets, supporting continued economic growth.
Dammers Shipmanagement congratulates Barbados and all stakeholders involved in reaching this important milestone, which strengthens the country’s position within the global financial and regulatory landscape.
Source: https://www.centralbank.org.bb/news/general-press-release/barbados-no-longer-under-increased-monitoring-by-the-fatf
