The Bahamas – A Safe Place to Invest
The Bahamas Real Estate Association and its members are doing their part in the global fight against money laundering and terrorist financing by providing high ethical and professional standards to discourage criminal activity.
The Bahamas Real Estate Association and its members take your financial security seriously. It's our assurance for your peace of mind.
Key Legislation
- Financial Transactions Reporting Act, 2018
- Financial Transactions Reporting Regulations, 2018
- Proceeds of Crime Act, 2018
Codes of Practice
Registration
Compliance Commission – Training Videos
Compliance Commission Publications
- Guidance For Risk-Based Approach Real Estate Sector
- Real Estate Brokers And Land Developers – Obligations For Anti-money Laundering and Countering the Financing of Terrorism and Countering the Proliferation Financing & Other Identified Risks
- Understanding money laundering through real estate transactions
- Red Flag Indicators In The Real Estate Sector
- AML/CFT/CPF Controls present within The Bahamas’ Real Estate Sector
- Real Estate Fraud
- Customer Due Diligence Guide
- Guidance on Politically Exposed Persons (PEPS) for DNFBPs
- Guidance on Outsourcing of AML and Compliance Function
- Know Your Employee Guidance
- Compliance Commission Guidance On Eligible Introducers (Third Party Introduction)
- Guidance On Proliferation Financing Risk Assessment And Mitigation
- Money Laundering & Terrorist Financing Risks Guidance On Suspicious Transactions/Activities
- Money Laundering & Terrorist Financing Through the Real Estate Sector
- Frequently Asked Questions for DNFBPs
- IMF – Guidance – Unmasking Control – A Guide to Beneficial Ownership Transparency
- Sanctions Guidance for DNFBPs
Compliance Commission Directives & Notices
- Notice – Horizontal Review of Gatekeepers’ Technical Compliance Related to Corruption- July 17th 2024
- Notice – Updated awareness brochures and frequently asked questions
- Notice – Email Scammers Targeting Real Estate Sector, FinCEN warns
- Notice – AML Obligations for Real Estate Registrants
- Notice – Reminder on CDD obligations for the Real Estate Sector.
- Notice – Compliance Commission Alert on Real Estate and Precious Metals involving Russian Elites, Oligarchs and their family members
- Notice – FATF Publishes Guidance on Risk Based Approach for Real Estate Sector
- Notice – Release of Research Paper entitled “AMLCFTCPF Controls within The Bahamas’ Real Estate Sector by The Compliance Commission of The Bahamas (CC) May 2022”
- Notice – Requirements for DNFBPs to conduct a risk assessment
