UN General Assembly
2001

December 2000 which put in place an effective regulatory regime to ensure that the Bahamas financial services sector is not abused by criminals for money- laundering or any other financial crimes. It was the enactment of that legislation that resulted in the Financial Action Task Force’s removal of the Bahamas, in June of this year, from its list of non-cooperative jurisdictions in the fight against money-laundering. As part of its overall review of the international regime for action against terrorists and terrorism, in October this year my Government signed the United Nations Convention for the Suppression of the Financing of Terrorism. We are following very closely the discussions on a comprehensive convention against terrorism, in order to determine what further action the Government will need to take in this area. We hope that a comprehensive, practical and implementable instrument will be adopted that will take into account the existing anti-terrorism regime. In this we see a clearly delineated role for the United Nations, and particularly the Security Council, which is well placed