Grenada

Grenada in its 10th Follow-Up Report has substantially improved the level of compliance with Core and Key Recommendations 1, 5, 13, 23, 35, and Special Recommendations I, II, III, IV and V, through the implementation of measures that effectively address all deficiencies identified in the Mutual Evaluation Report. In addition, it raised the level of compliance with Recommendations 3, 10, 26 and 40, previously rated as LC.

Grenada 10th Follow-Up Report

JURISDICTIONS THAT WERE UNDER CFATF ICRG REVIEW AND HAVE MADE SIGNIFICANT PROGRESS IN ADDRESSING THEIR AML/CFT DEFICIENCIES: Grenada

The CFATF acknowledges the significant progress made by Grenada in improving its AML/CFT regime and notes that Grenada has established the legal and regulatory framework to meet its commitments in its agreed Action Plan regarding the strategic deficiencies that the CFATF had identified. Grenada is therefore no longer subject to the CFATF ICRG monitoring process.

Grenada: End of the CFATF Third Round Follow-Up Process & CFATF International Cooperation Review Group (CFATF ICRG) Monitoring

The November 2014 Plenary recognised that Grenada had made significant progress in addressing the deficiencies identified in their 2009 Mutual Evaluation Report and therefore could exit the follow-up process.

Grenada achieved a satisfactory level of compliance, essentially equivalent to at least an LC in Core and Key Recommendations 1, 5, 13, 23, 35, Special Recommendations I, II, III, IV and V. In addition, progress has been made in the implementation of other Recommendations such as Recommendations: 6, 7, 8, 9, 11, 12, 14, 15, 16, 17, 18, 19, 20, 21, 22, 24, 25, 30, 31, 32, 33, 34, and Special Recommendations VI, VII, VIII and IX.

Grenada 10th Follow-Up Report, which was presented at the November 2014 Plenary contains a detailed description and analysis of the actions taken by Grenada to rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC and other Recommendations, in the 2009 Mutual Evaluation Report.

Prime Contact of Grenada

Permanent Secretary
Ministry of Finance, Planning, Economy, Energy, Foreign Trade & Cooperatives
St. George's    
Grenada
473 440 2928    473 440 4115