Broadly speaking, cash carries more AML risk than non-cash deposit. That said, only about 10 per cent of the funds deposited in Bahamian banks in 2018 fell into these 17 sector categories, with the remainder in less potentially troublesome areas. There are several lessons apparent from the data.
First, many segments which the international community and standards setting bodies flag as susceptible are simply too small in The Bahamas to constitute a material money laundering risk in the domestic economy. Examples include diplomatic establishments, pawnshops, and wholesale jewellery stores. The domestic banks have yet to commence taking deposits from crypto-asset sources, but this may change in the future.