The Financial Intelligence Unit (FIU) will be offering training for relevant employees of financial institutions in AML/CFT standards to fill their obligations for annual training in accordance with Section 2(2) of the Financial Transactions Reporting (Amendment) Act, 2022 which states that all relevant employees from time to time in any case at least once a year should be provided with appropriate training as it relates to money laundering, terrorist financing and proliferation financing.
Interested institutions and persons interested in attending any of the sessions are encouraged to register as soon as possible as spaces are limited for each session.
- NUMBER OF PERSONS
- 1 Person
- 2-10 Persons
- 11-25 Persons
- 26-50 Persons
- 51 or more persons
- COST PER PERSON
- $60.00/Per Person
- $54.00/Per Person
- $48.00/Per Person
- $42.00/Per Person
- $36.00/Per Person
Each registration is invoiced at the time it is received. Once a registration has been invoiced based on the number of persons registered, FIs should be advised that any additional registration would be considered a new registration and invoiced according to the table above. The invoicing of registration is not based on the total number of persons registered over a period but rather on the number of persons registered at the time of registration.
Payment for the training can be made by cheque or direct deposit as per the information provided. Kindly ensure that the FIU invoice number is indicated on all wire transfers, direct deposits and cheques.
Cheques are to be made payable to the Financial Intelligence Unit and forwarded to the FIU.
Account Details:
Bank of The Bahamas
Main Branch
Financial Intelligence Unit
Account 03157 – 1350005140
Wire Details:
Intermediary Bank:
JP Morgan Chase Bank
New York, New York
BIC: CHASU33
Beneficiary Bank:
Bank of The Bahamas Limited
Nassau, Bahamas
BIC:BOTBBSNS
In reference to wire transfers or direct deposits, the banking institution may charge additional service fees. Please note that these fees should be added to any amount remitted to the FIU to avoid such fees being deducted from the amount owing to the FIU. If these fees are not added, the FIU will bill the FI for any outstanding amount as a result of such fees.
Proof of payment should be forwarded to: accounts@fiubahamas.bs and training@fiubahamas.bs
