John A Rolle: How the Bahamian financial system serves Bahamian society - why our AML/CFT reputation is important

Remarks by Mr John A Rolle, Governor of the Central Bank of The Bahamas, at The Bahamas Anti-Money Laundering and Countering the Financing of Terrorism Risk Management Conference, Nassau, Bahamas, 17 September 2018.

Introduction

Good morning. I propose to review the ways in which the Bahamian financial services industry serves Bahamian society, and also touch upon a few ways in which this can be and will be improved. I will then outline why the Bahamian jurisdiction’s AML/CFT reputation is a critical determinant of our financial services industry’s ability to prosper and grow, and summarise our current international standing, as represented in various league tables.