On 22nd January, GAFILAT, the regional FATF-style body, has published this report which follows up the mutual evaluation report of July 2017 – following which Nicaragua was placed in the enhanced follow-up process.  It analyses Nicaragua’s progress in addressing certain technical compliance deficiencies which were identified in the MER.  Re-ratings are given where sufficient progress has been made.  It also analyses Nicaragua’s progress in the implementation of the new requirements in relation to the FATF Recommendations that changed since the on-site visit to Nicaragua: Recommendations 5, 7, 18 and 21.  This report does not address what progress Nicaragua has made to improve effectiveness – a later follow-up assessment will analyse the progress on the improvement of effectiveness which may eventually result in the new rating of the Immediate Outcomes. The report concludes that, overall, Nicaragua has been making significant progress in addressing the technical compliance deficiencies identified in its MER and has been rerated in Recommendations 5 to Mostly Compliant, 11 to Compliant, 20 to Mostly Compliant, 21 to Compliant, and 28 to Partially Compliant.


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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