Barbados's central bank, established in May 1972, and the supervisory agency for institutions licensed under the Financial Institutions Act, Cap. 324A.
What they do
Licenses and supervises institutions under the Financial Institutions Act, Cap. 324A, and assesses their AML/CFT frameworks and compliance with the AML/CFT legislation. Its primary statutory objective is to maintain the value of the currency, with financial stability as the secondary objective (s. 6 of the 2020 Act). It also oversees the national payment system under the National Payment System Act, 2021-1.
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