Venezuela

Venezuela in its 8th Follow-Up Report received the rating of C in Recommendations 4, 40, 35 and Special Recommendation V, at the time of its Mutual Evaluation. It also obtained an LC rating in Recommendations 1 and 36. Subsequently, various regulatory, administrative measures, among others were implemented, which enabled Venezuela to achieve a satisfactory level of compliance, equivalent to C or LC in Core and Key Recommendations 3, 5, 10, 13, 23, 26, Special Recommendations I, II, III and IV.

Venezuela 8th Follow-Up Report

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

The CFATF held its XXXIX Plenary in Miami, Florida during the week of May 25-29, 2014 during which time some Member countries were removed from the third round follow-up process and entered biennial updating; while other Member countries exited the CFATF ICRG monitoring process.

JURISDICTIONS ENTERING BIENNIAL UPDATING

Venezuela

The May 2014 Plenary recognised that Venezuela had made significant progress in addressing the deficiencies identified in their 2009 Mutual Evaluation Report and therefore could be removed from the regular follow-up process.

Venezuela implemented several legislative and other action which resulted in the country addressing all deficiencies in Core and Key Recommendations 3, 5, 10, 13, 23, and 26, Special Recommendations I, II, III and IV. Additionally, Venezuela has also made progress in compliance with Recommendations 6, 7, 8, 9, 14, 21, 22, 27, 30, 32, 33, 34, 38, as well as Special Recommendations VI and VII, which are considered fully addressed.

Venezuela's 8th Follow-Up Report, which was presented at the May 2014 contains a detailed description and analysis of the actions taken by Venezuela to rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC in the 2009 mutual evaluation report.

MER of Venezuela

Prime Contact of Venezuela

Presidente
Oficina Nacional Antidrogas, Caracas
Venezuela
011 582 12 957 3444, 011 582 12 957 3446