Institutions urged: Review practices after 50% jump in suspicious transactions
Suspicious transaction reports filed in The Bahamas rose 50.26% from 933 in 2024 to 1,402 in 2025, with digital asset businesses filing 483, up from 72. Banks filed 716, and compliance specialist Accord Ready urged institutions to review staff training.
Why it matters:Higher reporting volumes, driven largely by digital asset firms, raise expectations for staff training, controls and board oversight at Bahamian financial institutions amid heightened international scrutiny of anti-financial crime defences. (Neutral development)Also reported by The Nassau Guardian