CFATF PUBLISHES AML/CFT ASSESSMENT REPORT ON ANTIGUA AND BARBUDA

On 23rd July, the Office of National Drug and Money Laundering Control Policy in Antigua & Barbuda published a news releases saying that the Caribbean Financial Action Task Force (CFATF) has given Antigua and Barbuda one of the best reports of regional countries so far in its 4th round evaluations.  Recommended actions by the CFATF examiners include: creation of a serious offences court; greater effort to increase money laundering prosecutions; stronger risk-based examinations of financial institutions; and measures to assist financial institutions and non-financial businesses and professions to better understand their ML/TF risks.

http://ondcp.gov.ag/cfatf-gives-antigua-barbdua-one-of-the-best-regional-reports/

The report itself is at –

https://www.cfatf-gafic.org/index.php/documents/4th-round-meval-reports/10083-antigua-and-barbuda-4th-round-mer/file

The CFATF website also carries reports on other jurisdictions in the region (under the “Documents” tab) –

https://www.cfatf-gafic.org/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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