JURISDICTIONS WHICH EXITED THE FOLLOW-UP PROCESS: Antigua and Barbuda

The May 2015 Plenary recognised that Antigua and Barbuda had made significant progress in addressing the deficiencies identified in their 2008 Mutual Evaluation Report and therefore exited the follow-up process.

Antigua and Barbuda has addressed the deficiencies noted in the Core and Key Recommendations rated PC/NC (R. 1, 5, 10, 13, SR. II, SR. IV and 4, 23, 26, SR. I and SR.III) to a level that is comparable to at least an LC.

Antigua and Barbuda 7th Follow-Up Report, which was presented at the May 2015 Plenary contains a detailed description and analysis of the actions taken by Antigua and Barbuda 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.

Antigua and Barbuda exits The FATF ICRG Process

Since the adoption of Antigua and Barbuda’s ICRG Action Plan by the FATF in 2010, Antigua and Barbuda has made important progress on AML/CFT matters, meeting all its Action Plan items, by October 2013.

During the FATF Plenary in February 2014, the FATF indicated that Antigua and Barbuda was no longer subject to specific monitoring by the ICRG, explicitly, the FATF welcomed Antigua and Barbuda’s significant progress in improving its AML/CFT regime and noted that Antigua and Barbuda has established the legal and regulatory framework to meet its commitments in its Action Plan.

The CFATF also welcomes the significant progress showed by Antigua and Barbuda and  congratulates the Honourable Justin Simon, QC, Attorney General, Colonel Edward Croft, Director, ONDCP, Ms. Althea Crick, Chairman, Financial Services Regulatory Commission for their leadership, dedication and technical capacity in pursuing the best interests f their country.

Above all, the CFATF family extends its warmest congratulations to the Honourable Baldwin Spencer Prime Minister of Antigua and Barbuda for his decisive leadership in seeking the assistance of the CFATF Secretariat in gathering a group of regional and international AML/CFT experts to assist the jurisdiction in the modernisation of the national AML/CFT architecture as well as his unwavering political support to ensure that the necessary human and financial resources were readily available, despite challenging  economic conditions, to complete the reform programme.

The CFATF will continue to work with the jurisdiction, as it continues to address the full range of AML/CFT issues identified in its Mutual Evaluation Report, within the regular follow-up process.

See Statement by Antigua and Barbuda at the FATF Plenary, February 13th, 2014 <here>

MER of Antigua and Barbuda

Prime Contact Antigua and Barbuda

Attorney General
Ministry of Justice and Legal Affairs
Office of the Attorney General, Government Office Complex, Queen Elizabeth Highway, St.John's
Antigua & Barbuda
1 268 462 8867, 1 268 462 2465