Funds Security
Real Money

CFATF Public Statement on Haiti and Suriname

On the 8th day of June, 2016, the Caribbean Financial Action Task Force (CFATF) issued a Public Statement on Haiti, a jurisdiction with strategic AML/ CFT deficiencies. Haiti has not made sufficient progress in addressing the deficiencies or has not complied with the Action Plan developed with the CFATF to address these deficiencies. The CFATF therefore calls on its members to consider the risks arising from the deficiencies associated with Haiti.

Read More

FATF Public Statement – 19 February 2016

The Financial Action Task Force (FATF) is the global standard setting body for anti‐money laundering and combating the financing of terrorism (AML/CFT). 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 FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Read More

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.

Read More

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.

Read More

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.

Read More