HONDURAS: 7th AML/CFT ASSESSMENT FOLLOW-UP REPORT

The FATF-style regional body, GAFILAT, has published a number of follow-up assessment reports, including this one, which analyses the progress of Honduras in remedying technical compliance deficiencies identified in its Mutual Assessment Report.  As is normal with such reports, effectiveness of the controls was not addressed.  The original mutual evaluation report was in 2015 and this report is the 7th follow-up report on progress since 2015.  As a result of progress made, Honduras has been re-rated on FATF Recommendations: 3, 10, 17, 23, 29 and 34.  While GAFILAT acknowledges the progress made by Honduras in improving technical compliance with FATF Recommendations 1, 2, 28 and 35, it is considered that the progress made so far does not allow to upgrade the rating of these Recommendations.  Honduras continues in the enhanced follow-up process and to continue to report back to GAFILAT.

https://www.gafilat.org/index.php/es/biblioteca-virtual/miembros/honduras/informes-de-seguimiento-9/3744-seventh-enhanced-follow-up-report-of-honduras/file

honduras

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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