SBF MAY NOT MAR THE BAHAMAS’ IMPROVING AML REPUTATION
July 21st, 2023
While The Bahamas has recently been subject to unwelcome publicity about financial crime being committed on its territory, courtesy of the Sam Bankman-Fried scandal, its government has steadily been undertaking solid work to improve its AML/CFT performance.
Bankman-Fried, or SBF as he is widely known, is facing ML charges in the USA, which was part of the reason he was extradited from The Bahamas in December (2022), along with securities and wire fraud charges associated with his stewardship of crypto-exchange FTX (1). It was headquartered in The Bahamas before ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.