AML/CFT MUTUAL EVALUATION REPORT ON THE TURKS AND CAICOS

On 21 January, the FATF-style regional body, CFATF, published the 4th round MER undertaken by CFATF.  This followed the on-site visit made in September 2018. Since the last CFATF Mutual Evaluation in 2008, the country has progressively advanced the legislative framework to address gaps in the country’s AML/CFT framework, so improving its technical compliance.  In the months preceding the on-site visit, it made a significant number of amendments to its AML/CFT laws and other subsidiary legislation.  In terms of effectiveness, the jurisdiction has achieved a moderate level of effectiveness for Immediate Outcomes (IO) 1, 2, 5, 6 10 and 11 a low level of effectiveness for IO 3, 4, 7, 8, and 9.

turks

https://www.cfatf-gafic.org/documents/4th-round-meval-reports/13615-turks-and-caicos-islands-4th-round-mer/file

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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