Summary of the report
In this second round EOIR peer review report, Barbados is rated Partially Compliant with the international standard on transparency and exchange of information upon request. It had previously been rated Partially Compliant in 2014, because of a limited treaty policy and deficiencies in handling EOI requests, and Largely Compliant in 2016 after having revised its treaty policy.
Barbados’ legal and regulatory framework is overall in line with the standard, including concerning the availability of beneficial ownership information. However, ensuring practical implementation of the relevant rules remains a challenge, in particular regarding the availability of ownership and accounting information.
Barbados EOIR practice, despite being rather limited, continues to suffer from material deficiencies. Improvement in the effective exchange of information is needed, as was pointed out by EOI partners.
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