AML/CFT compliance for
MSBs & fintechs in Barbados

They fall under the same core Anti-Money Laundering and Financing of Terrorism (Prevention and Control) Act and AML/CFT/CPF Regulations, supervised primarily by the Financial Services Commission (FSC), but the practical expectations are shaped around the specific risks of remittance, payments, and virtual asset activity — agent networks, transaction speed, and cross-border flow chief among them.

A risk assessment calibrated to your actual products and corridors, agent or sub-agent oversight where relevant, transaction monitoring tuned to typical remittance or payment patterns rather than generic thresholds, and timely suspicious transaction reporting supported by real analysis.

Yes, in emphasis if not in framework. Virtual asset businesses face additional expectations around travel rule compliance, wallet and counterparty risk, and beneficial ownership verification in an environment where anonymity is often the product's selling point — all of which needs to be reflected in the risk assessment and controls.

We support the AML/CFT programme design and documentation that licensing and registration applications require, and we continue to work with clients on an ongoing basis for monitoring reviews, training, and inspection preparation once they are operating.