The most critical revisions to the FATF's Recommendation are seen in Recommendations 1 2, where Reco

the Office bed breakfast discount hotel london of the Attorney General: The Bahamas continues to play an integral role in the international financial services sector by creating and maintaining the highest quality of financial intermediary products and services while adhering to the Anti-Money Laundering Combating the Financial of Terrorism (AML/CFT) standards of the Financial Action Task Force- the international standard-setting AML/CFT body.
As a prominent member jurisdiction of the Caribbean Financial Action Task Force (the CFATF) - the regional equivalent of the Financial Action Task Force (the FATF) and, as of November 2012, Deputy Chair of that organisation, the Government of The Bahamas fully subscribes to ensuring the greatest level of compliance with our AML/CFT obligations. We are cognisant of the challenges of complying with the Forty Recommendations of the FATF and are attuned to the revisions to those Recommendations which came into effect bed breakfast discount hotel london February, bed breakfast discount hotel london 2012. Nevertheless, we will continue to commit the necessary resources to ensure compliance with those standards ahead of our next Mutual Evaluation by the CFATF which is scheduled for early 2014.
The most critical revisions to the FATF's Recommendation are seen in Recommendations 1 2, where Recommendation 1 requires The Bahamas, bed breakfast discount hotel london to identify, assess and understand the money laundering and terrorist financing risks in the country and to develop mechanisms to effectively mitigate such risks.
In our effort to meet these obligations, The Bahamas has appointed bed breakfast discount hotel london Mr. Stephen Thompson as National Anti-Money Laundering Coordinator. bed breakfast discount hotel london Mr. Thompson has been an integral part of the National Anti- Money Laundering Task Force which falls within the Office of the Attorney-General. Having served within the financial services regulatory framework since 2001, Mr. Thompson is fully aware of the local, regional and international AML/CFT bed breakfast discount hotel london initiatives. In addition to his work locally, he has also participated in the work of the CFATF and FATF and served bed breakfast discount hotel london as an assessor for the CFATF on two (2) occasions.
As National Coordinator, Mr. Thompson will be responsible for, among other things, monitoring The Bahamas' level of compliance with regional international bed breakfast discount hotel london AML/CFT standards, bed breakfast discount hotel london ensuring adequate preparation of The Bahamas for all regional and international AML/CFT assessments, creating and maintaining a robust AML/CFT public relations and training programme, etc.
We wish Mr. Thompson every success in his role as National Anti-Money Laundering Coordinator as we seek to further bed breakfast discount hotel london strengthen our financial services sector and prepare to assume the enviable position of Chair of the Caribbean Financial Action Task Force in November of this year.