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.
