FATF: AML/CFT MUTUAL EVALUATION FOLLOW-UP REPORTS ON BOTSWANA, ETHIOPIA AND ZIMBABWE

On 6 August, FATF released 3 follow-up reports –

Botswana has made progress in addressing deficiencies in technical compliance identified in its MER to justify re-rating of FATF Recommendation 9 to Compliant; and Recommendations 13, 16, 18, 22, 33 and 34 to Largely Compliant.  However, due to moderate shortcomings in Recommendations 19, 25, 26 28 and 35 a partially complaint (PC) rating was warranted.  Botswana will remain in enhanced follow-up.

Ethiopia has made sufficient progress in addressing deficiencies in technical compliance identified in its MER to justify a re-rating of FATF Recommendation 34 initially rated Partially Compliant to Largely Compliant.  However, Recommendation 15, which was originally rated Largely Compliant in the 2015 MER has been downgraded from LC to Partially Compliant.  Ethiopia will remain in enhanced follow-up.

Zimbabwe has made progress in addressing some of the technical compliance deficiencies identified in its MER, and FATF Recommendation 1 is re-rated from Partially Compliant to Largely Compliant; Recommendation 24 is re-rated from Non-Compliant to Largely Compliant.  For those Recommendations that are being re rated due to the changes made to the FATF Standards, Recommendation 2 (originally rated LC) has been downgraded to PC, Recommendation 5 (originally rated C) has been downgraded to LC, Recommendation 15 (re rated to C in the previous FUR) has been downgraded to PC, and Recommendation 21 (originally rated C) remains C.  Zimbabwe will remain in enhanced follow-up.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-5th-Follow-Up-Report-Botswana-2021.pdf

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-Follow-Up-Report-Ethiopia-2021.pdf

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-Follow-Up-Report-Zimbabwe-2021.pdf

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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