COOK ISLANDS ANTI-LAUNDERING REGIME “ONE OF THE BEST” – AML/CFT EVALUATION

Cook Island News on 24th October reported that the Cook Islands AML/CFT regime is officially one of the best in the world according to the Cook Islands Mutual Evaluation Report (MER) undertaken by the Asia Pacific Group on Money Laundering APG is a regional body of FATF.  It received 38 ratings of “largely compliant”: and above, bettered by only 1 other country in the world.  In terms of the implementation and effectiveness of its laws and systems when measured against the FATF’s 11 Immediate Outcomes, the Cook Islands attained 5 substantial ratings, 4 moderate ratings and 2 low ratings.

http://www.cookislandsnews.com/national/economy/item/71139-ci-anti-laundering-regime-one-of-the-best

The report is at –

http://www.apgml.org/includes/handlers/get-document.ashx?d=efd47cd0-a195-4e71-8eb0-0612f98caf61

COOK

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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