CFATF Public Statements

CFATF Public Statement and Notice of exiting the Follow-up process, Port of Spain, Trinidad and Tobago, May 31st, 2018

The Caribbean Financial Action Task Force (CFATF) is an organisation comprised of twenty-five jurisdictions of the Caribbean Basin Region which have agreed to implement the international standards for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), the Financial Action Task Force Recommendations (FATF Recommendations) in order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Jurisdiction no longer subject to the CFATF ICRG review process.

Haiti

In light of the forthcoming 4th Round Mutual Evaluation of Haiti, the CFATF May 2018 Plenary agreed that Haiti be removed from the CFATF ICRG process. The outstanding deficiencies will be assessed as part of the 4th Round Process. Therefore, Haiti is no longer subject to monitoring by CFATF ICRG.

The CFATF will continue to work with Haiti towards strengthening its AML/CFT framework and ensuring that the jurisdiction is fully prepared for the 4th Round Mutual Evaluation.

CFATF Jurisdiction exiting the Third Round of Mutual Evaluations Port-of-Spain, Trinidad and Tobago, May 2018

The CFATF XLVII May 2018 Plenary, held in Port-of-Spain, Trinidad and Tobago, recognised the following jurisdiction that has made significant progress in addressing the deficiencies identified during the Third Round of Mutual Evaluations conducted by the CFATF and that have successfully exited the follow-up process.

Saint Vincent and the Grenadines

The CFATF XLVII Plenary recognised that Saint Vincent and the Grenadines has made significant progress in addressing the deficiencies identified in its 2010 Mutual Evaluation Report; therefore, Saint Vincent and the Grenadines has exited the follow-up process.

Saint Vincent and the Grenadines’ 14th Follow-Up Report, which was presented at the May 2018 Plenary, contains a detailed description and analysis of the actions taken by Saint Vincent and the Grenadines to rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC, as well as a summary of progress in other Recommendations, in the 2010 Mutual Evaluation Report.

The CFATF encourages Saint Vincent and the Grenadines to continue its progress towards strengthening its AML/CFT framework and ensuring that it is fully prepared for the 4th Round Mutual Evaluation.

Original document here

CFATF Public Statement Georgetown, Guyana, November 15th, 2017

The Caribbean Financial Action Task Force (CFATF) is an organisation comprised of twenty-five jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT), the Financial Action Task Force Recommendations (FATF Recommendations) in order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Jurisdiction with strategic AML/CFT deficiencies that has made significant progress in addressing its deficiencies.

Haiti

The CFATF acknowledges the progress made by Haiti in improving its AML/CFT regime (including significantly addressing the deficiencies that allowed Haiti to exit the 3rd Round Follow-Up Process) and notes that Haiti must continue to take measures to address the outstanding deficiencies that the CFATF had identified through the agreed action Plan.

Haiti is encouraged to increase the pace of the reform process, including the passage of remaining legislative measures, and demonstrate further progress by the May 2018 Plenary.

Haiti and the CFATF should continue to work together to ensure that its Action Plan is fully implemented.

CFATF Jurisdiction exiting the Third Round of Mutual Evaluations, Georgetown, Guyana, November 15th, 2017

The May 2017 Plenary in Port of Spain, Trinidad and Tobago, recognised the following jurisdiction that has made significant progress in addressing the deficiencies identified during the Third round of Mutual Evaluations conducted by the CFATF and that have successfully exited the follow-up process.

The CFATF XLVI November 2017 Plenary, held in Georgetown, Guyana, recognised the following jurisdiction that has made significant progress in addressing the deficiencies identified during the Third Round of Mutual Evaluations conducted by the CFATF and that have successfully exited the follow-up process.

Haiti

The CFATF XLVI Plenary recognised that Haiti has made significant progress in addressing the deficiencies identified in its 2008 Mutual Evaluation Report; therefore, Haiti could exit the follow-up process.

Haiti’s 12th Follow-Up Report, which was presented at the November 2017 Plenary, contains a detailed description and analysis of the actions taken by Haiti to rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC, as well as a summary of progress in other Recommendations, in the 2008 Mutual Evaluation Report.

The CFATF encourages Haiti to continue its progress towards strengthening its AML/CFT framework and ensuring that it is fully prepared for the 4th Round Mutual Evaluation that will take place in 2018.

CFATF Public Statement Port of Spain, Trinidad and Tobago, May 31st, 2017

The Caribbean Financial Action Task Force (CFATF) is an organisation comprised of twenty-five jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), the Financial Action Task Force Recommendations (FATF Recommendations) in order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Public Statement on Haiti, Suriname and Guyana at XLIV Plenary, Providenciales, Turks and Caicos, November 9th, 2016

Providenciales, Turks and Caicos Islands 9th November, 2016 - The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-seven jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations (FATF Recommendations). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Public Statement on Haiti and Suriname in CFATF XLIII Plenary, Jamaica, June 2016

Montego Bay, Jamaica, June 8th, 2016 - The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-seven jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations (FATF Recommendations). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Page 1 of 2