A paper from FATF-style regional body for the Caribbean region dated 1 November looks at ‘de-risking’ (which is defined as the termination or restriction of business relationships with entire countries or classes of customers in order to avoid rather than manage the risks), saying that this remains a challenge for the Caribbean region.  It reports that, in May 2018, the CFATF Plenary approved a stocktaking exercise which was conducted amongst the CFATF 25 member states.  The paper highlights the results of that stock-taking exercise, carried out from June 2018 to April 2019 and the exercise sought to identify the negative impact of de-risking on the region.  It also summarises the current situation and recent activities and events to address the issue by the CFATF and the FATF Global Network.



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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s