Securities Commission of The Bahamas publishes entity-specific money laundering and terrorist financing risk assessment

The Securities Commission of The Bahamas has published an entity-specific assessment of inherent and residual money laundering and terrorist financing risks across legal persons and legal arrangements. Complex corporate structures and investment vehicles generally present medium to high inherent money laundering risk because of cross-border activity, non-resident ownership and structural complexity, but supervision and anti-money laundering controls reduce residual risk in most cases to medium or medium-high. Beneficial ownership compliance reached about 98% by 2025. Access to the Beneficial Ownership Secure Search System, professional administration, licensing, suspicious transaction monitoring and enhanced due diligence are identified as key mitigants. Trusts, foundations and other fiduciary arrangements generally carry medium to medium-low residual money laundering risk, while terrorist financing risk is broadly assessed as low to medium-low, with no cases identified.