NICARAGUA: THIRD ENHANCED FOLLOW-UP AML/CFT ASSESSMENT REPORT

On 12th September, FATF-style regional body GAFILAT published the 3rd Enhanced Follow-up Report following the mutual evaluation report of 2017.  The new report analyses the progress made by Nicaragua in addressing the technical compliance deficiencies identified in its MER.  This report does not address Nicaragua’s progress on effectiveness.  A subsequent follow-up evaluation will analyse the progress made on effectiveness, which may eventually result in a new rating of the Immediate Outcomes.  In general, Nicaragua has been making important progress in relation to addressing the technical compliance deficiencies identified in its MER and has been re-rated in relation to FATF Recommendation 7 to Largely Compliant, Recommendation 10 to Compliant, Recommendation 12 to Compliant, and Recommendation 25 Largely Compliant.  Nicaragua will continue in the enhanced follow-up process and will continue to report to GAFILAT on the progress made to strengthen its implementation of AML/CFT measures.

http://www.gafilat.org/index.php/es/biblioteca-virtual/miembros/nicaragua/informes-de-seguimiento-11/3495-third-enhanced-follow-up-report-of-nicaragua/file

nicaragua

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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