Attorney General and Minister of Legal Affairs Carl Bethel highlighted the importance of international cooperation in the financial sector during the Bahamas Financial Services Board’s (BFSB) Bahamas Briefing held at Baha Mar, March 1.

He added that over the past 20 years the international regulatory community has experienced rapid growth and change, in order to keep up with crimes – financing of terrorism and money laundering presenting challenges to the financial sector.

He affirmed that the challenges affect every jurisdiction on every continent, and as a result The Bahamas continues to make significant advances to ensure its financial sector survives and its rules adhere to internationally accepted best practices and regulatory principles.