NASSAU, BAHAMAS — Attorney General Carl Bethel was installed as chair of the Caribbean Financial Action Task Force (CFATF) for the year 2020-2021 during its Virtual Plenary and Working Group meetings held from November 20 to December 12 via Zoom.
Bethel served as deputy chair for the 2019-2020 year; and The Bahamas previously held the post of CFATF chair in the years 2002-2003 and 2013-2014.
A release from the Office of the Attorney General on the appointment said Bethel, in assuming the role, “noted that the year 2020 has been a year of extreme challenges for all” but affirmed the work of the CFATF will continue despite any setbacks.
“AG Bethel, as the incoming chair, advised that he expects that there will be more challenges during the coming year as there are no guarantees even with the hopeful signs of vaccines that the COVID-19 pandemic will suddenly disappear,” read the statement.
It also noted that the CFATF chair’s Work Programme for 2020-2021 will primarily seek “to ensure that its members achieve and maintain effective anti-money laundering and combatting the financing of terrorism and proliferation regimes (AML/CFT/CPF), through compliance with the FATF recommendations, interpretative notes and immediate outcomes; and to contribute to the global AML/CFT standards”.
