Trinidad and Tobago’s removal from the FATF’s ‘grey list’

Trinidad and Tobago’s removal from the FATF’s ‘grey list’

 The CFATF Chairman, Lt. Col. Edward H. Croft and the Hon. Faris Al-Rawi, MP, Attorney General and Minister of Legal Affairs of Trinidad and Tobago

The CFATF is pleased to announce and congratulate Trinidad and Tobago on their removal on February 20, 2020 from the FATF’s compliance document often externally referred to as the ‘grey list’ (previously called "Improving Global AML/CFT Compliance: On-going Process").

This achievement comes after Trinidad and Tobago addressed the identified strategic deficiencies from its Mutual Evaluation Report (MER).

Trinidad and Tobago will continue to be monitored by the CFATF in the Mutual Evaluation Follow-Up Process.

The CFATF Chairman, Lt. Col. Edward H. Croft, Director of the Office of National Drug and Money Laundering Control Policy (ONDCP) of Antigua and Barbuda, also extended congratulations to Trinidad and Tobago and the Hon. Faris Al-Rawi, MP, Attorney General and Minister of Legal Affairs of Trinidad and Tobago, who led the country to being the first in the CFATF to be removed from the ‘grey’ list.

See link for further information: http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-february-2020.html

 

Fourth Round Mutual Evaluation Report of the Turks and Caicos Islands

Fourth Round Mutual Evaluation Report of the Turks and Caicos Islands

 

The CFATF Plenary held in Antigua and Barbuda in 2019 adopted the Mutual Evaluation Report of the Turks and Caicos Islands. This evaluation summarises the Anti-Money Laundering (AML) / Counter-Terrorist Financing (CFT) measures in place in the Turks and Caicos Islands as at the date of the on-site visit September 10th to 21st, 2018. The report analyses the level of compliance with the FATF 40 Recommendations, the level of effectiveness of the Turks and Caicos Islands AML/CFT system and provides recommendations on how the system could be strengthened.

Click here to access report.

Fourth Round Mutual Evaluation Report of Bermuda

Fourth Round Mutual Evaluation Report of Bermuda

 

The CFATF Plenary held in Antigua and Barbuda in November 2019, adopted the Mutual Evaluation Report of Bermuda.This report provides a summary of the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) measures in place in Bermuda as at the date of the on-site visit September 24th – October 5th, 2018. It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Bermuda’s AML/CFT system and provides recommendations on how the system could be strengthened.

Click here to access report.

CFATF Report of Regional Money Laundering and Terrorist Financing Cases

In November 2019 the CFATF completed a compilation of cases based on regional money laundering and terrorist financing investigations and prosecutions. The report categorises these cases, some of which show money flows across corridors, using myriad legitimate facilities. 

Please click here to review the report

OUTCOMES OF THE CFATF L NOVEMBER 2019 PLENARY MEETING

 

Photo: Prime Minister of Antigua and Barbuda, the Honourable Gaston Browne addresses participants at the opening of the
CFATF L Plenary and Working Groups meetings held in St. John’s, Antigua and Barbuda during the period 24th -29th November 2019.

St. John’s, Antigua and Barbuda, November 2019 – Outgoing CFATF Chairman, the Honourable Dale Marshall, QC, MP, Attorney General of Barbados chaired the CFATF L Plenary and Working Groups meetings held in St. John’s, Antigua and Barbuda during the period 24th -29th November 2019. This represented the final Plenary over which the Honourable Attorney General presided as he passed the baton to the Honourable Lt. Col. Edward Croft, Director of the Office of National Drug and Money Laundering Control Policy of Antigua and Barbuda.  The Honourable Lt. Col. Edward Croft will hold the position of CFATF Chairman for the period November 2019 to November 2020.