AML/CFT MUTUAL EVALUATION REPORTS FOR TAIWAN, SOLOMON ISLANDS AND PAKISTAN

On 2nd October, FATF-style regional body APG published the MER for these 3 countries.

  • TAIWAN (referred to as Chinese Taipei, Taipei being the capital) – the on-site visit took place in November 2018.

taiwan

  • SOLOMON ISLANDS – the on-site visit took place in October/November 2018. The MER identified significant shortcomings in the Islands’ systems, including a “rudimentary” company registration system; CDD measures have significant technical deficiencies; limited supervision of institutions; lacking a legal framework with regards to targeted financial sanctions for terrorism financing, and has limited capability to identify terrorist organisations and terrorist networks; the level of confiscation is low and is not aligned with Solomon Islands’ money laundering risk profile.  Its effectiveness ratings are poor.

solomon

  • PAKISTAN – the on-site visit took place in October 2018 (and much discussion and negotiation has taken place subsequently). Its effectiveness ratings are poor.

pakistan

http://www.apgml.org/news/details.aspx?pcPage=1&n=2151

 

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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