Barbados optimistic about removal from grey list

Barbados remains confident a series of meetings in January next year will help clear the way for its removal from the Financial Action Task Force’s grey list.

Attorney General Dale Marshall gave more details of Barbados’ efforts at a Regional Hybrid Conference on Anti-Money Laundering and Cybercrime, at the UWI Sagicor Cave Hill School of Business and Management.

Mr. Marshall notes the situation has already caused problems for businesses and threatens sectors like reinsurance.

He says Barbados has had to multiply efforts to address money laundering because of its FATF obligations.

This includes strengthening legislation and training of police officers and other officials.

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