FATF PUBLISHES 5 AML/CFT FOLLOW-UP EVALUATION REPORTS

1.            SEYCHELLES SECOND FOLLOW-UP REPORT

FATF reports that Recommendations 1 has been re-rated to C, and Recommendations 26 and 29 have been re-rated to LC.  However, Seychelles will remain in enhanced follow-up and will continue to inform the FATF-style regional body, ESAAMLG, of the progress made in improving and implementing its AML/CFT measures.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESSAMLG-2nd-Follow-Up-Report-Seychelles-2020.pdf

2.            MADAGASCAR FIRST FOLLOW-UP REPORT

FATF says Madagascar has made little progress since its 2018 mutual evaluation report and, in the case of 5 identified deficiencies referring to specific FATF Recommendations, the information currently provided does not indicate that the country has made sufficient progress to warrant re-rating.  According to the follow-up process, Madagascar will continue to report back to the ESAAMLG on its progress to strengthen its implementation of AML/CFT measures.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESSAMLG-1st-Follow-Up-Report-Madagascar-2020.pdf

3.            ETHIOPIA SEVENTH ENHANCED FOLLOW-UP REPORT

FATF says that Ethiopia continues to make progress, and one further FATF Recommendation has been re-rated, with Recommendation 7 upgraded from Partially Compliant to Largely Compliant.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-Ethiopia-Follow-Up-Report-2020.pdf

4.         MAURITIUS THIRD FOLLOW-UP REPORT

FATF says that Mauritius has made sufficient progress in addressing deficiencies in technical compliance identified in its mutual evaluation report to justify re-rating of 2 FATF Recommendations – with 26 and 32 re-rated to Largely Compliant.  However, Recommendation 15 (new technologies) has been downgraded from Compliant to partially Compliant.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-3rd-Follow-Up-Report-Mauritius-2020.pdf

5.         BOTSWANA FOURTH FOLLOW-UP REPORT

FATF says that, overall, Botswana has made progress in addressing deficiencies in technical compliance identified in its 2019 Follow-Up Report, with FATF Recommendations 6, 7 and 10 all re-rated from Partially to Largely Compliant.  Botswana will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures.  

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-4th-Follow-Up-Report-Botswana-2020.pdf

 

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, 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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