This includes a program of reducing the industry’s aggregate non-performing loans, establishing a Bahamian credit reporting bureau, and commencing a program to move more domestic transactions from cash to electronic methods.
Just in 2017, the Central Bank relaxed capital controls on access to financing in foreign currency for enterprises, that would make our credit policies more countercyclical, and therefore of a more sustained impact on stronger growth. Two issues are highly relevant in the AML/CFT context.