Bahamas Attorney General Carl Bethel
Bahamas Attorney General Carl Bethel said on Thursday that the country faces the immediate imposition of a potentially devastating blacklisting by the European Union, effective October 1.
Bethel said The Bahamas will likely remain on the Financial Action Task Force (FATF) gray list until at least February 2021.
He said this pandemic has totally derailed efforts to get off this blacklist.
The Bahamas has been included on the FATF's gray list of countries with strategic deficiencies since June 2017.
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