Barbados (BB)

Jurisdiction Overview

IDQuestionAnswer
360 *Are there criminal sanctions, custodial sentencing or any other statutory sanctions for breaches of banking secrecy? No, there are no statutory sanctions for disclosing client's banking data to any third party.
 Data Date: 2014

Notes

 
The Global Forum reports that "The duty of confidentiality of banks in respect of their clients derives from common law" (GF 2014: 67). Considering the note above, we understand that there is no statutory sanction in cases of breaches to banking secrecy. The Global Forum 2016 report does not provide any additional information (GF 2016: 63).

Sources

GF 2014: 67
 
GF 2016: 63