While concerned that Barbados remains on the grey list of the Financial Action Task Force (FATF), officials of the Barbados International Business Association (BIBA) are confident that this country will continue to meet its obligations.Despite extensive efforts by local officials to respond to areas of concern identified by the FATF, Barbados has again failed to convince the grouping that the island should be removed from its so-called grey list for anti-money laundering and countering the financing of terrorism (AML/CFT).The international watchdog agency recently announced that it was keeping Barbados on the list of countries that will be under “increased monitoring”, though the country was working to address strategic deficiencies in its regimes to counter money laundering.Commenting on the development, Jamar Arthur-Selman, BIBA President and General Manager of Centralis (Barbados), told Barbados TODAY it was always a concern when the country was placed on any lists. However, he said he was confident that authorities were doing what was necessary to meet the changing requirements.“It is always concerning to be in a position where the country is on any black or grey list of any kind. However, there would only be cause for true concern if we felt that the country had no possible way to address the deficiencies noted by the FATF. On the contrary, we have been assured by the responsible authorities that their efforts to satisfy all requirements have been intensified and BIBA has seen the activity in many areas already,” said Arthur-Selman.