FOLLOW-UP AML/CFT ASSESSMENT REPORTS FOR MAURITIUS, ZIMBABWE AND ETHIOPIA PUBLISHED

The FATF-style regional body for Africa, ESAAMLG, has published the 2nd follow-up report on Mauritius, and 6th follow-up reports on Ethiopia and Zimbabwe.

Mauritius – the original on-site visit was in 2018, and ESAAMLG has re-rated the country on 19 of the 40 FATF Recommendations at the September 2019 meeting.  The report says that Mauritius has made significant overall progress in resolving the technical compliance shortcomings identified in its MER and ratings for 21 Recommendations have been revised.

Some steps have been taken to improve compliance with Recommendation 24 (initially rated NC), but moderate shortcomings still remain.  Reviewers have also evaluated information provided in support of the request for re-rating of Recommendation 32 and 33 (both initially rated PC), but did not agree a re-rating.  Mauritius will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving and implementing its AML/CFT measures.

mauritius

https://www.esaamlg.org/index.php/all_news/readmore_news/420

Ethiopia – original assessed in 2015, Ethiopia has made progress in addressing deficiencies and the ESAAMLG has re-rated the country on 5 of the 40 Recommendations at the September 2019 meeting.  However, progress made under Recommendations 24, 32 and 34 is not sufficient enough to justify re-rating.  Ethiopia will remain in the enhanced follow-up and will continue to report bi-annually on its progress in improving and implementing its AML/CFT measures.

ethiopia

https://www.esaamlg.org/index.php/all_news/readmore_news/422

Zimbabwe – Since its 2016 mutual evaluation, Zimbabwe has made progress in addressing deficiencies; the ESAAMLG has re-rated the country on 8 of the 40 Recommendations at the September 2019 meeting.  Overall, in light of the progress made by Zimbabwe since the adoption of its MER, the re-ratings for its technical compliance with the FATF Recommendations were considered and approved by the ESAAMLG Task Force of Senior Officials Plenary as follows –

zimb

https://www.esaamlg.org/index.php/all_news/readmore_news/421

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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