Revised Central Bank-AMLA Guidelines - Anti-Money Laundering ...

AML/CFT GUIDELINEISSUED BY THECENTRAL BANK OF BARBADOSIN CONJUNCTION WITH THE ANTI-MONEY LAUNDERING AUTHORITYMAY 2011Area Description of Offence /Breachout an offence as defined inthe listed treaties 18 or anyother act.Provision of assistance orinvolve in the conspiracy tocommit a terrorist offence.A terrorist offence committedby a person responsible forthe management or control ofan entity located or registeredin Barbados, or otherwiseorganised under the laws ofBarbados.Description of Fine / SanctionConviction on indictment andprincipal offender punishedaccordingly.$2,000,000 notwithstanding thatany criminal liability has beenincurred by an individual directlyinvolved in the commission of theoffence or any civil oradministrative sanction asimposed by law.Section ofLegislationActSection 3 ofATASection 5 ofATA18Treaties respecting Terrorism: Convention for the Suppression of Unlawful Seizure of Aircraft, Convention for theSuppression of Unlawful Acts against the Safety of Civil Aviation, Convention on the Prevention and Punishment ofCrimes against Internationally Protected Persons including Diplomatic Agents, International Convention against thetaking of Hostages, Convention on the Physical Protection of Nuclear Material, Protocol for the Suppression of UnlawfulActs of Violence at Airports Serving International Civil Aviation, supplementary to the Convention for the Suppression ofUnlawful Acts against the Safety of Civil Aviation, Convention for the suppression of Unlawful Acts against the Safety ofMaritime Navigation, Protocol for the Suppression of Unlawful Acts against the Safety of Fixed Platforms located on theContinental Shelf and the International Convention for the Suppression of Terrorists Bombings.Anti-Money Laundering/Combating Terrorist Financing Guideline May 2011 37Bank Supervision DepartmentCENTRAL BANK OF BARBADOS