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FATF Notice: Improving Global AML/CFT Compliance: on-going process – February 2016

As part of its on-going review of compliance with the AML/CFT standards, the FATF has to date identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. While the situations differ among each jurisdiction, each jurisdiction has provided a written high-level political commitment to address the identified deficiencies. The FATF welcomes these commitments.

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CFATF Public Statement on Suriname

On November 25, 2015 the Caribbean Financial Action Task Force (CFATF) issued a Public Statement on Suriname, a jurisdiction that has strategic AML/CFT deficiencies. CFATF therefore called on t=its members and other jurisdictions to consider the risk arising from the deficiencies associated with Suriname, as described below.

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CFATF Public-Statement – Port of Spain, Trinidad and Tobago

The Caribbean Financial Action Task Force (CFATF) is an organization of twenty seven jurisdictions of the Caribbean Basin Region, which has 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.

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FATF Public Statement – May 01, 2015

On February 27, 2015 the Financial Action Task Force (FATF) issued a Public Statement on jurisdictions that have strategic AML/CFT deficiencies. FATF therefore called on its members and jurisdictions to apply counter-measures to protect the international financial system from the risks of money laundering and terrorist financing originating from the jurisdictions listed.

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Mass Marketing Fraud

The Financial Intelligence Unti (FIU) is issuing this advisory to assist financial institutions with identifying individuals/entities believed to be involved in the mass marketing fraud – internet/email fraud scheme.

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