Bahamas official criticises international rule-making


Rules set by the eurozone, US and bodies such as the Financial Action Task Force are “unfair, colonialist and inconsiderate” to small countries, “but we must comply or starve”, said the Central Bank of Bahamas’ Charles Littrell in a speech on December 7.

Littrell, who is inspector of banks and trust companies, said the FATF measures on anti-money laundering and counter-terrorist financing standards are not effective.

“Countries with a great deal of money laundering activity, such as the US and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account